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Kalamkas-Sea and Khazar Offshore Oil & Gas Development Project
Project ID:
50520252
Project Name:
Kalamkas-Sea and Khazar Offshore Oil & Gas Development Project
Project Sector:
Oil & Gas
Photo source:
Project Description
The Kalamkas-Sea and Khazar project is a joint offshore oil and gas development initiative in the Kazakh sector of the Caspian Sea. It aims to exploit the Kalamkas-Sea, Khazar, and Auezov fields, which collectively hold estimated recoverable reserves of approximately 48.5 million tonnes of oil and 19 billion cubic meters of natural gas. The project encompasses the construction of two ice-resistant fixed offshore platforms, a coastal processing facility, subsea pipelines, and associated infrastructure. A significant aspect of the project is the emphasis on utilizing Kazakh shipyards for platform construction, aligning with national goals to bolster domestic industrial capabilities.
Project Phase:
Initiation & Feasibility
Investment Value:
6 400 000 000 $
Location:
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Start Date:
5/1/2023
End Date:
1/1/2029
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Other important details
Reserves: The combined recoverable reserves are estimated at 48.5 million tonnes of oil and 19 billion cubic meters of gas.
Production Capacity: The project aims for an annual production of approximately 4 million tonnes of oil (around 80,000 barrels per day) over a plateau period of at least five years.
Local Content: The project emphasizes the use of local Kazakh shipyards for constructing offshore platforms, aiming to revitalize the domestic shipbuilding industry and create employment opportunities.
Employment Impact: An estimated 2,000 jobs will be created during the construction phase, with an additional 300 positions during the operational phase.
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Publication/Revision Date:
5/5/2025