Production resumed today from the giant, $50billion Kashagan oil and gas field in the Caspian Sea, Kazakhstan’s energy ministry said in a statement.
The ministry said 7,700 tonnes of oil had been pumped through the privately-owned CPC pipeline, while 18,000tonnes were carried by a pipe controlled by Kazakh-state-owned firm KazTransOil.
A total of 22.8million cubic metres of gas was sent though Intergas Central Asia’s pipeline, according to the ministry.
The Kashagan field is thought to be one of the largest oil discoveries of the last 40 years, with recoverable reserves of 9billion to 13billion barrels.
It was discovered in 2000 and started producing in 2013. But output was soon suspended because of technical issues with gas pipelines.
Among the companies developing Kashagan are the China National Petroleum Corporation, Exxon Mobil, Eni, Shell, Total, Inpex and KazMunaiGas.
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