The Karachaganak Gas Debottlenecking Project has been completed
Karachaganak Petroleum Operating B.V. (KPO) has announced a successful completion of the Karachaganak Gas Debottlenecking (KGDBN) Project.
The ceremonial launch of KGDBN Project was attended by senior officials from the Western Kazakhstan Oblast Akimat lead by Akim Gali Iskaliyev, JSC NC KazMunaiGas lead by the Chairman of the Board Alik Aidarbayev, KPO General Director and Chief Executive Officer of SICIM, the Contractor Company.
Commenting on the event, Edwin Blom, KPO General Director, said: “We are delighted to announce this significant achievement which is in full alignment with the RoK President Kassym-Zhomart Tokayev’s vision for the development of Karachaganak field. The successful completion of the KDGBN Project represents a historical milestone in the continued development of the Karachaganak field. KGDBN Project has raised the industry benchmark by following high safety standards, cost effectiveness and early completion”.
“KGDBN Project will provide capacity to enable the delivery of the remaining expansion projects including the Fourth Injection Compressor Project, currently in execution phase, and the approved 5th Injection Compressor project. These important projects are aimed at extending the duration of the liquid production plateau at Karachaganak. They will bring a significant additional value and secure continued generation of revenues for the Republic of Kazakhstan and the Karachaganak Partners while providing resources for further investment projects on the field and maximizing local content during execution”, added Edwin Blom.
Alik Aidarbayev, Chairman of the Board of JSC NC KazMunaiGas said: “The Gas Debottlenecking project was initiated in late 2018 and was to be finished as late as in the 4th quarter of 2021. However, all works were completed ahead of schedule, notwithstanding the restrictions, related to the COVID-19 pandemic. Implementation of the project will enable additional growth in the hydrocarbon liquids cumulative production. The company is to take up even bigger challenges. For one, Karachaganak Future Growth Project, which is to create new jobs, will attract additional investment and new technology”.
As of today, KPO Partners have invested more than $27 billion into the development of the Karachaganak field including $8.2 billion spent for local goods and services. KGDBN Project’s local content share has reached 57 per cent.