Subscribe free to our newsletters via your
. Solar Energy News .




OIL AND GAS
Kazakhstan expects oil production boom
by Daniel J. Graeber
Astana, Kazakhstan (UPI) Feb 25, 2015


disclaimer: image is for illustration purposes only

Kazakhstan's government said Wednesday it expects oil production to increase by as much as 30 percent in part because of operations at its giant Kashagan field.

Kashagan is among the largest oil fields in the world, with an estimated 16 billion barrels of oil reserves. Production was halted in October 2013, less than a month after it started, when a pipeline associated with the field cracked open.

Kazakh Deputy Energy Minister Uzakbai Karabalin told reporters the government in Astana is determined to increase production despite a series of setbacks.

"Oil output is expected to reach 630 million barrels in 2017 and 760 million barrels in 2020," he said. "This increase will be due to the expansion project at [onshore oil field] Tengiz and resumption of offshore oil production at Kashagan."

Kazakh production last year was around 590 million barrels.

The U.S. Energy Information Administration in February 2014 said it expected Kashagan to return to service this year, but below its initial production target of 370,000 barrels per day "because technical challenges and high development costs may limit its expansion."

Two months after the EIA report, experts reviewing pipeline issues at the field said it may cost as much as 15 times more than initially expected to restart the field.

The energy minister said work was ongoing to overhaul the field's pipeline infrastructure. Most of the work will take place in the latter half of 2015, with a resumption of operations expected by 2016.


Thanks for being here;
We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain.

With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords.

Our news coverage takes time and effort to publish 365 days a year.

If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor
$5 Billed Once


credit card or paypal
SpaceDaily Monthly Supporter
$5 Billed Monthly


paypal only


.


Related Links
All About Oil and Gas News at OilGasDaily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News





OIL AND GAS
U.S. gas prices rise for 29 straight days
Washington (UPI) Feb 24, 2015
The price per gallon for regular unleaded gasoline has increased 29 days in a row as of Tuesday because of U.S. refinery issues and commodity markets, AAA said. AAA reports an average national retail price for a gallon of gasoline at $2.31, up about a penny from Monday and 28 cents from one month ago. Gasoline prices dropped steadily during the latter half of 2014 as oil prices traded i ... read more


OIL AND GAS
New catalyst to create chemical building blocks from biomass

Novel pretreatment could cut biofuel costs by 30 percent or more

Electricity from biomass could make western US carbon-negative

Second Generation Biofuels Market is Expected to Reach $23.9 Billion

OIL AND GAS
HAPTIX Starts Work to Provide Prosthetic Hands with Sense of Touch

Talking Japanese space robot back on Earth

IBM brings Watson supercomputer to Japan via SoftBank

Human insights inspire solutions for household robots

OIL AND GAS
Wind energy: TUV Rheinland supervises Senvion sale

Bright spot for wind farms amid RET gloom

Allianz acquire OX2 wind farm in northern Sweden

No surprises for wind industry in NHMRC report

OIL AND GAS
First Veefil Electric Vehicle Fast Charger installed in Brisbane goes live

Toyota unveils fuel-cell car assembly line

Uber picks up another $1 bn from investors

Tesla, Google, Apple: is Silicon Valley the future of the US car?

OIL AND GAS
New NIST tools to help boost wireless channel frequencies and capacity

Researchers build atomically thin gas and chemical sensors

Researcher first to observe 'god particle' analogue in superconductors

Renewable energy obtained from wastewater

OIL AND GAS
Areva nuclear group estimates 4.9bn euro losses

European Commission May Axe Hungary-Russia Nuclear Plant Deal

Taiwan seeks to export nuclear waste overseas

Rosatom on schedule to deliver new units for Hungary's Paks NPP

OIL AND GAS
Massive clean energy opportunities in reach in Western Australia

India's Modi says energy pledge not based on foreign pressure

Climate summit hosts press India on emissions

Russia and DPRK May Develop $20-30 Billion Power Grid Project

OIL AND GAS
Finding winners and losers in global land use

Colombia seeks 'environmental corridor' across Andes, Amazon

Canada goes to WTO in China wood pulp row

Long-term changes in dead wood reveal new forest dynamics




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.