Environmental Review Summary
Project Number
9953
Company Name
Lukoil Overseas Karachaganak B.V.
Date ERS Disclosed
Mar 25, 2002
Country
Kazakhstan
Region
Central Asia and Turkiye
Environmental Category
A - Significant
Status
Completed
Previous Events
Approved : May 30, 2002
Signed : Oct 30, 2002
Invested : Jan 30, 2003
Sector
Oil and Gas Production (Includes Development)
Industry
Infrastructure
Department
Gbl Infrastructure & Natural Resources
Project Description
Kazakhoil (the state oil company) and each of the companies that comprise the Karachaganak Integrated Organization (KIO) signed a 40-year Final Production Sharing Agreement (FPSA) in 1997 with the government of Kazakhstan, aiming to maximize the production of liquids from the Karachaganak (the project) . KIO is a consortium of ENI-Agip of Italy (32.5%), BG of the United Kingdom (32.5%), Texaco of the USA (20%) and Lukoil Overseas of Russia (15%). British Gas and Agip are the project Operators within KIO.
The Karachaganak field is a large gas-oil-condensate field in Western Kazakhstan, with an area of about 450 km2. The field is located in the Wester Kazakhstan Oblast region near the town of Aksai. The field was discovered in the early 1980s.
The project, which represents the second phase in the Karachaganak field development is expected to increase liquids production from the current 100,000 barrel/day (bbl/d) to more than 220,000 bbl/d, and to increase gas production to 1.3 billion cubic feet per day (BCF/d).
The Karachaganak field is a large gas-oil-condensate field in Western Kazakhstan, with an area of about 450 km2. The field is located in the Wester Kazakhstan Oblast region near the town of Aksai. The field was discovered in the early 1980s.
The project, which represents the second phase in the Karachaganak field development is expected to increase liquids production from the current 100,000 barrel/day (bbl/d) to more than 220,000 bbl/d, and to increase gas production to 1.3 billion cubic feet per day (BCF/d).
