Kazakhstan’s Kashagan Oil Field Pumped Back to Life
Sunday, 12th July 2015
Kazakhstan, an oil producer since 1911, has the second largest oil reserves as well as the second largest oil production after Russia in the post-Soviet space. Soviet Kazakhstan’s oil production did not increase to a meaningful level until the 1960s and 1970s, when production plateaued at nearly 500,000 barrels per day (bpd), a pre-Soviet independence record production level. In the 1970s, several large discoveries were made in pre-salt reservoirs including Karachaganak and Tengiz. However, the development of these fields was not possible at the time because of the technical challenges of developing the deep, high-pressure reservoirs.