The text below contains only a few data points to show the scope of the Kazakhstan Oil and Gas Upstream business. Please note that the graphs below are for illustration only and are not updated regularly.
Detailed data is available in the Kazakhstan Upstream and Oilfield Services 2019 report(click here to see details)
Kazakhstan crude and condensate production in 2018 grew to over 90 million tons (1.8 mmbd). Kazakhstan crude and condensate production declined 1.7% in 2016, but daily production improved late in 2016 with Kashagan coming on stream. It was 1.6% lower in 2015 amid lower crude prices. It declined by 1.3% to 81 million tons in 2014 after 3.3% growth in 2013.
Kazakhstan crude and condensate production was down by 5.6% (more if to account for one extra day) in 9M 2016. Kashagan finally started production at the end of September 2016 which will push the country production up reducing losses in the beginning of the year to around a 4% reduction for the whole year. Kashagan’s launch somewhat complicates achievement of crude production cuts that the country agreed to on December 12, 2016.
Figure. Crude and condensate production in Kazakhstan in January 2007 – June 2017 (thousand tons a day)
Kazakhstan’s natural and associated gas production reached 55.5 bcm in 2018 (circa 2.1 trillion cf) which includes both marketable and injected volumes. Kazakhstan natural and associated gas production grew 4.6% in 2015 and by 2.4% in 2016. It grew by 2.2% to 43 billion cubic meters in 2014 after 6% growth on average in 2007-2013.
Figure. Natural and petroleum gas production in Kazakhstan in January 2007 – June 2017 (million cubic meters a day in a month)
Kazakhstan drilling footage recovered in 2017 but was still was almost two times lower than in record 2013. Drilling in Kazakhstan continued to decline in 2016 with a 30% reduction in footage in the 8M 2016 as crude prices remained weak.
Kazakhstan’s drilling activity fell around 15% in the first quarter of 2015 to the same quarter in 2014. The decline accelerated in the following months and resulted in a 44% decline in footage in 2015 as crude prices remained stagnant. Footage declined 5% in 2014 mostly due to reduced activity in March and September of the year (devaluation effect).
Figure. Drilling activity in Kazakhstan in January 2007 – June 2017 (meters a day in a month)
