EQE equus mining limited

News: EQE Kazakhstan's Kashagan oilfield partially resumes output, repair works ongoing -NCOC

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    MOSCOW, Aug 17 (Reuters) - North Caspian Oil Consortium (NCOC), operator of the giant Kashagan oilfield in Kazakhstan, has partially restored oil output from the field and repair works are ongoing, the company told Reuters on Wednesday.

    "Currently production is partially resumed. A detailed plan is being developed to resume full production. Repair work has been started. A piece of piping which released gas is being replaced," an NCOC representative said via email.

    Oil production on the field was shut down on Aug. 3 due to a gas release.

    As of Aug. 16, production was at 99,042 barrels per day (bpd), according to two industry sources familiar with daily output data, significantly below normal levels of 370,000-400,000 bpd.

 
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