EQE equus mining limited

News: EQE Kazakhstan's Kashagan oil output to remain below normal until end-Sept, sources say

  1. 193,698 Posts.
    lightbulb Created with Sketch. 2825

    MOSCOW, Aug 31 (Reuters) - Output at Kazakhstan's Kashagan giant oilfield will remain below normal at least until the end of September due to maintenance following a gas leak early in August, two sources familiar with the situation told Reuters on Wednesday.

    Daily oil production on Kashagan stayed close to 100,000 barrels per day (bpd) on Aug. 29-30, some four times below normal output levels of the field, two other sources said, citing production data.

    Oil production on Kashagan was shut down on Aug. 3 due to a gas release. Kashagan had planned to boost output to 500,000 bpd after upgrades this month.

    North Caspian Oil Consortium (NCOC), the field's operator, said in mid-August that repair work had started and production had partially resumed.

    NCOC did not respond to a Reuters request for comment on the current status of repair work and oil output plans for September.

    The Kashagan consortium includes Eni ENI.MI , ExxonMobil XOM.N , CNPC, Shell RDSa.L , Total, Inpex 1605.T and Kazakh state energy firm KazMunayGaz KMGZ.KZ .

 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.