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Employees: 3
Total Average Daily Production in 2006: --
Crude Processing Capacity: --
Major Office Locations: -- |
Exploration and Production ConocoPhillips has had a presence in Kazakhstan since 1998, when the company acquired an interest in 10.5 blocks covered by the Republic of Kazakhstan’s North Caspian Sea Production Sharing Agreement (NCSPSA). The first exploration well, Kashagan E-1, was completed as a discovery in 2000. A declaration of commerciality was made in 2002, followed by the submission of a Kashagan Development Plan and Budget, which was approved by the Republic of Kazakhstan in early 2004. Phase I field development includes the construction of artificial drilling islands for more than 60 wells, barges with processing facilities and living quarters, and pipelines to carry products onshore to oil, gas and sulfur plants. The initial production phase of the contract is 20 years, with options to extend the agreement an additional 20 years.
In 2002, the co-venturers announced a new hydrocarbon discovery in the Kalamkas More-1 well, which is located in the Kalamkas More prospect 40 miles southwest of the Kashagan field. In 2003, the Akote-1 was announced as a hydrocarbon discovery offsetting Kashagan. Appraisal of the Akote discovery began in 2004, with the successful drilling of the Akote-2 appraisal well. Also in 2004, the Kairan-1 exploration well was completed as a discovery on the Kairan prospect. The testing of the Kairan-1 well brought the exploration period on the NCSPSA to a close.
In 2005, appraisal drilling was conducted on Kalamkas More and 3-D seismic operations were carried out on the Kairan and Akote prospects. In 2006, additional appraisal wells were drilled on Kalamkas More and Kairan.
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