Total and its companions have accepted the launch of Phase three growth of the onshore Dunga discipline within the Mangystau Region of western Kazakhstan.
Phase three of the Total-operated discipline will encompass including wells to the prevailing infrastructure and upgrading the processing plant to extend its capability by 10% to 20,000 bopd by 2022. This will add manufacturing of greater than 70 MMbbl of reserves.
The growth has been made doable due to the approval by the Government of the Republic of Kazakhstan of a 15-year extension of the Production Sharing Agreement (PSA) for the sphere, initially signed in 1994 and as a result of expire in 2024.
The challenge requires a $300-million funding and can create 400 extra direct jobs within the area on the peak of building exercise.
“This low-investment-cost-per-barrel growth maximizes the sphere’s potential and extends plateau manufacturing,” stated Arnaud Breuillac, president, Exploration & Production at Total. “This new growth part, mixed with the Dunga discipline license extension, helps unlock 70 MMbbl of further reserves, which represents a major growth for Kazakhstan.”
Dunga oil discipline is operated by Total (60%), alongside Oman Oil Company (20%) and Partex (20%).
Please depart feedback and suggestions beneath