#5 October 2011

  Table of contents
Petroleum 10 Years!
Last issue
Map of the site
Guest's book
E-mail Home page Russian
The Oil Chronicle

October 2010

Zhaikmunai LP, engaged in oil and gas production in the northwest of Kazakhstan, completed construction of a gas refinery. According to the press- release, the working commission consisting of the representatives of Zhaikmunai, its contractor KazStroyService (KSS), general developer of the project NIPINefteGas and seven state departments of the Republic of Kazakhstan, took an official decision that the plants construction is completed in accordance with the Kazakhstan standards and is ready to be submitted to the state acceptance commission for a final acceptance. Launching of the plant allows Zhaikmunai to process associated gas and gas condensate. The facility was built by the Kazakhstan engineering company KSS and American Exterran. As the plant reaches full capacity, the companys total volume of production will grow up to 48 000 barrels a day from the current 7.4 thousand barrels. According to Zhaikmunais report, in 2009 its proceeds comprised $116 million and EBITDA about $50 million.

The main asset of Zhaikmunai is the Chinarevskoye field (274 sq. km) located in the northwest of Kazakhstan, 60 km from the border with the Russian Federation. The companys papers have passed listing at the London Stock Exchange. The company is controlled (67 %) by the chairman of its board of directors Frank Monstrey.

On October 5-6, the V Eurasian Energy Forum KAZENERGY- 2010 was held in Astana - one of the most prestigious events in the energy industry of the Caspian region. The main theme of the Forum: Eurasian Energy Map: Balancing Risks and New Opportunities. Representatives of central state bodies of some countries, as well as the heads of the largest international energy organizations and companies took part in the Forum.

JSC NC KazMunayGas informed about successful completion of reconstruction of the catalytic cracking unit at the oil refinery Petromidia which is part of The Rompetrol Group (Constanta, Romania). With the aim of major overhaul, NC ??G plans to realize 61 projects at Oil Refinery Petromidia and to conduct revision of the whole process equipment in order to increase its efficiency and reduce emissions into the surrounding environment. Operations are carried out with attraction of the general contractor Rominserv company, is said in the information released by the companys press-service.

Implementation of the project for reconstruction of catalytic cracking unit is carried out as part of the Program - 2010 the purpose of which is to increase the plants operational productivity by 28 % (from 3.9 to 5 million ton/year) with replacement of physically worn out equipment. Also, the plans include production of diesel fuels by 9 % (from 36 % to 45 %), observance of requirements on preservation of the environment under achieving Euro - 5 quality standard of the whole volume of motor fuels under 100 % processing of sulphurous oil and given the ecological requirements of the European Union and Romania. This reconstruction will allow the plant to process crude of other qualitative structure being a product of soft hydrocracking process. Also, production of valuable propane-propylene fraction for further release of petrochemicals will increase.

The project was commenced in 2007 on the basis of the major project of the licensor of technology the company UOP with introduction of recent achievements in the field of cracking technology concepts VSS in reactor (Vortex Separation System). The producer of the new reactor is Walter Tosto, a European supplier with lengthy experience in manufacture of similar equipment, which has successfully transported the reactor from the port of Ortona to the Adriatic Sea up to the Media port on the Black Sea. As a result of this project, NC ??G will receive advanced technology of catalytic cracking in Romania and Eastern Europe, informed KMGs press-service.

JSC KazMunayGas Exploration & Production (??G EP) informed about winning a tender to develop the gas field ?kkas located in the Republic of Iraq together with Korea Gas Corporation (KOGAS) within the third license round organized by the Department of Contracts and Licenses of the Ministry of Oil of Iraq. A tender proposal provides a level of extraction on the plateau amounting to 400 million cubic feet of gas a day and a fee rate of $5.5 per barrel of oil equivalent.

In accordance with the conditions of the third license round, a 25 % asset will belong to the state company of Iraq, while the rest will be divided on a fifty-fifty basis between ??G EP and KOGAS (37.5 % /37.5 %). The consortium participants intend to conduct negotiations with the Government of Iraq and conclude a contract for development of the Akkas field in the nearest months.

The Akkas field is located in the western part of Iraq in the province of Anbar, near the border with Syria. According to the Ministry of Oil of Iraq, the fields reserves are estimated at 5.6 trillion cubic feet of gas.

The Presidents Dmitry Medvedev and Gurbanguly Berdymukhammedov agreed to suspend the construction of the Pre-Caspian gas pipeline to deliver 30 billion cubic meters of gas (from Turkmenistan to Russia through Kazakhstan). This project was approved by the countries in 2007 and was reviewed as an alternative to European Nabucco around Russia. Its cost is estimated by the Ministry of Energy at $7 billion. Construction is postponed in order to wait for increase in demand for gas in the EU market, stressed the Vice-Premier Igor Sechin: In the next 3-4 years the European market will grow in small volumes.

JSC KazMunayGas Exploration & Production informed about the discovery of the oil deposit on the exploration block Liman. The field is located on the southern slope of the salt dome Novobogatinsk, in direct proximity from the oil field Novobogatinskoye Southeast being developed by Embamunaigas and located in 70 km to the west from Atyrau.

The flush inflow of oil was received in the first exploration well at a depth of over 1200 meters from the middle Triassic sediments. The wells daily production yield is 24 m3 under 5 mm choke. In the passed section it is forecasted the presence of three more additional productive layers. Discovery of light oil 34 API in density indicates the available potential of the above-salt sediments in the region in which the company conducts currently a large-scale 3D seismic survey in the volume of 300 sq. km. It is planned by the companys program of works for 2011 a detailed study and assessment of stocks of discovery for rapid launching into development.

Read article completely »»»


  Copyright © 2001 "PETROLEUM"

  Design by  Studio NET Style

Under the use of materials,  
reference to Petroleum is obligatory. 

Last issue Statistics Archives Subscription Our partners Search To Send Letters Map of the site Guest's book Forum