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North Buzachi Oil and Gas Field Development
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PROJECT ID
1305202552
SECTOR
Oil & Gas
PROJECT PHASE
Commissioning & Operation
LOCATION
Mangystau Region, Kazakhstan
START DATE
1/1/1999
INVESTMENT VALUE
$ NA
Active
Verified
Updated: 2 Days ago
Publication: May 8, 2026
Project Description
The North Buzachi Oil and Gas Field, located on the northwestern tip of the Buzachi Peninsula in Kazakhstan's Mangystau region, is an onshore heavy oil field discovered in 1975. It commenced production in 1999, overcoming technical challenges associated with its high-viscosity crude oil through advanced extraction methods. Project completion in 2045
Involved Companies & Contacts
Involved Companies & Contacts
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PARTY 1 - Involved Companies & Contacts
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Other important details
Production: The field reached peak production in 2012 and currently accounts for approximately 1% of Kazakhstan's daily oil output.
Reserves: As of 2021, the field has remaining recoverable reserves of approximately 50.08 million barrels of crude oil and condensate.
Development Challenges: The high viscosity of the oil necessitates enhanced recovery techniques, such as horizontal drilling and steam injection, to improve extraction efficiency.