Project Profile
Value: US$1,000 million
Location: Onshore Kazakhstan
Area: 281 km2 (Dunga)
Start-up Year: 2011
Reserves: 15,000 barrels per day of crude
Dunga Field:
The field exploration and data acquisition on the Dunga field was completed in 1980, however, there was no financing for development. There are potentially 200-300million barrels of recoverable oil. The field is producing approximately 1,500 bopd, which Maersk own 60%. Maersk plans to drill 4-5 more wells there in 2005 and undertake some workovers. Maersk will wait for the results of the trail production before proceeding with a full field development.
Saigak Field:
The Saigak is a small field, in producing terms of reserves, it is producing 8,000 bopd. Maersk has no plans to drill any more wells there. Maersk has a 60% stake in the field with Arawak holfing a 40% interest.
Maersk Oil entered Kazakhstan in 2000, acquiring a 60% interest in the onshore Temir Block but had relinquished acreage in 2004 and sold the Saigak field in 2011. In 2002, Maersk Oil acquir/ed a 60% interest and operatorship of the Dunga Block with Partex Corporation (20%) and Oman Oil Company Limited (20%). The acreage (283.25km2) is operated under a Production Sharing Contract signed in 1994. The Dunga Phase I development proceeded in 2007 and Phase II was approved in 2011. Average oil production from the Dunga field is currently some 6,000 barrels of oil a day. Phase II will start in 2012. Maersk Oil and its partners will drill 198 vertical wells. The project also includes a major facilities upgrade and in total will cost about USD 1 billion. By the end of Phase II, production is expected to rise to 35,000 bpd.
Operators:
Maersk Oil: Operator with 60% interest in Dunga, Temir and Saigak field
Governmant of Kazakhstan: 40% in the Dunga field
Arawak: 40% of the Saigak field
Contractors:
Nipineftegaz