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KMG/GAZ/Lukoil – Tsentralnoye Offshore Field Development – Kazakhstan - Project Profile

KMG/GAZ/Lukoil – Tsentralnoye Offshore Field Development – Kazakhstan - Project Profile

Synopsis

"KMG/GAZ/Lukoil – Tsentralnoye Offshore Field Development – Kazakhstan - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.

The "KMG/GAZ/Lukoil – Tsentralnoye Offshore Field Development – Kazakhstan - Project Profile" is part of Timetric's database of 82,000+ construction projects. Our database includes a 10+ year archive of completed projects, full coverage of all global projects with a value greater than $25 million and key contact details for project managers, owners, consultants, contractors and bidders.

Summary

A joint venture of KazMunaiGaz(KMG), Gazprom (GAZ) and Lukoil is planning to undertake the development of Tsentralnoye (Central) oil and gas field in the Caspian sea in between the border of Kazakhstan and Russia.

The project involves the construction of gas field, ballast tanks, oil storage tanks, diluent recovery units, vacuum distillation units, air separation units, hydrocracking units and related facilities and installation of pipelines, power cable connections and power related facilities. The project is expected to be developed in phases:

In the fourth quarter of 2007, the drilling of the first deep-water exploration well with the depth of 4.227m was completed.

In 2008, the structure of the Tsentralnoye was discovered a large oil and gas field, whose reserves were estimated at 521.1 million tonnes of oil and 91.7bcm of gas

In the fourth quarter of 2008, the 3D seismic survey was conducted by the TsentrKaspneftegaz.

In February 2012, it was decided to simplify the procedure to form a joint venture and draw on the license for exploration and production.

In 2013, KazMunaiGas and TsentrKaspneftegaz, the shareholders of Lukoil and Gazprom, established a joint venture to obtain an exploration and production license to hold a supplementary exploration. However, in order to obtain the license, it was necessary to amend the agreement between Russia and Kazakhstan signed back on July 6, 1998, as this document stipulated the conclusion of a production sharing agreement (PSA).

In September 2014, the Russian government completed the coordination of the draft protocol on amending the mentioned agreement.

In January 2015, Kazakhstan’s Energy Ministry together with KazMunaiGas, commenced the process to prepare the necessary documents for signing a draft protocol on amending the agreement concerning the Tsentralnoye field’s development.

In June 2016, Lukoil has applied for a license to conduct further exploration of the project.

On August 15, 2016, The government has issued the license for central field in the Caspian sea.

In October 2016, Lukoil has received the license for central field in the Caspian sea.

Planning activities on the project are underway.

Scope

The project involves the construction of a gas field in the Caspian sea in between the border of Russia and Kazakhstan.

The US$12,000 million project also includes the following:

1. Construction of prospective wells and rigs

2. Construction of ballast tanks

3. Construction of oil storage tanks

4. Construction of diluent recovery units

5. Construction of vacuum distillation units

6. Construction of air separation units

7. Construction of hydrocracking units

8. Construction of related facilities

9. Installation of pipelines

10. Installation of power cable connections

11. Installation of power related facilitiesReasons To Buy

  • Gain insight into the project.
  • Monitor the latest project developments.
  • Identify key project contacts.


1.Key Statistics
2.Key Dates
3.Sector
4.Tender Information
5.Scope
6.Description
7.Latest update
8.Background
9.Key Contacts
10.General News, Project News
11.Appendix

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