Project Profile
Value: Undisclosed
Location: Kyzylorda Oblast, 200 kilometres from the town of Kyzylorda, Kazakhstan
Reserves: 55 million tons
Production: 2.14 million tons of oil (in 2012)
Start-up Year: -
The Kumkol field is located in the Kyzylorda Oblast, 200 kilometres from the town of Kyzylorda, Kazakhstan. Recoverable hydrocarbon reserves are about 55 million tons. Production in 2012 was 2.14 million tons of oil (LUKOIL\'s share was 1.07 million tons) and 222 million cubic metres of gas (LUKOIL\'s share was 111 million cubic metres). LUKOIL\'s share in investment from the start of the project has exceeded US$600 million. The total number of employees is 675, 100% of whom are Kazakhstan nationals. LUKOIL plans to invest up to US$190 million in development of the project till 2020. Project operator is АО Turgai Petroleum (LUKOIL 50%, CNPC 50%). The field is being developed under a subsoil use contract signed on April 26, 1996. The term of the contract is 25 years.
Operators:
АО Turgai Petroleum (LUKOIL 50%, CNPC 50%): Operator with 100% interest