Kazakhstan Launches Major Oil Projects in Caspian Sea
Kazakhstan’s national oil and gas company KazMunayGas and Russia’s Lukoil have commenced the implementation of Kalamkas-Sea and Khazar projects, reported the Kazakh Ministry of Energy.
The Kalamkas-Khazar Operating joint venture has been established by the companies to operate the project.
Construction of offshore platforms is scheduled to commence in 2026 at Kazakh shipyards, facilitating an early start to production at the Kalamkas-Sea field.
This initiative is anticipated to attract direct investments of at least six billion dollars and generate around 2,000 jobs during the construction phase, along with an additional 300 positions during operation.
Situated in the central part of the northeastern sector of the Caspian Sea, the Kalamkas-Sea field is approximately 64 kilometers from the coast, with a sea depth of around seven meters. Spanning nearly 50 kilometers in length and up to six kilometers in width, the deposit is substantial.
Meanwhile, the Khazar deposit lies 30 kilometers southwest of the Kalamkas-Sea and 65 kilometers northwest of the Buzachi Peninsula.
Both fields have undergone exploration and have been confirmed to harbor significant reserves, thus bolstering Kazakhstan's energy portfolio.(Source:astanatimes)
