Eni sees Kazakh gas output dip: press
Eni's second quarter gas production from Kazakhstan fell from 249mn ft3 to 173mn ft3, Trend reported July 19.
The Italian major entered the Kazakh upstream sector in 1992. Alongside fellow major Shell, it jointly operates the onshore Karachaganak oil and gas condensate field in northwest Kazakhstan, with both majors owning 29.5% equity stakes.
In the six months of 2022, Karachaganak produced 6.1mn metric tons of oil and gas condensate, up from 5.99mn mt in the same period last year, Reuters reported July 28. The other partners in the 40-year production sharing contract are Chevron (18%), Lukoil (13.5%) and KazMunayGaz (KMG) (10%). Karachaganak's oil and gas condensate output will be suspended from September 12 to October 6 for a planned maintenance programme, the national energy ministry said July 28.
As an OPEC+ affiliate, Kazakhstan made deep production cuts focused on crude oil during the coronavirus pandemic. Karachaganak is one of three major deposits responsible for the bulk of its hydrocarbon output, together with Kashagan and Tengiz. Most of Kazakhstan's gas is associated gas produced from oilfields, and some of this is reinjected to boost crude output. Gas flaring reduction measures have since 2005 limited redundant natural gas burning at Kazakh oilfields by more than two-thirds, from 4bn m3 in 2012 to 1.5bn m3 last year, according to the World Bank.