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Kazakhstan oil production market: -1.3% decline witnessed between 2011-2012
Kazakhstan's Oil and Gas Upstream - a new market research report on 2014-03-14 11:40:02
About 80 companies are engaged in the Kazakhstan oil production market. However, the bulk of oil production is provided by 11 operators, producing over 1 million ton per year (approximately 21 mbopd) of crude each: they account for over 90% of total oil production in the country. In this category a group of leaders, which are far ahead of other market players, can be distinguished: Tengizchevroil (TCO) – 24.8 MMt (181 MMbbl) in 2011, or 31% of the country´s total output, Karachaganak Petroleum Operating (KPO) – 12.05 MMt (88 MMbbl) or about 15%, and National Company KazMunaiGas (NC KMG) – 7.79 million tons (56.8 MMbbl), about 10%.

For the period of 2001-2011 annual oil production in Kazakhstan grew from 39.9 MMtpa to 80.3 MMtpa, or an average by nearly 10% per annum. At the same time, since 2005 the rate of growth has sufficiently decreased. Production of oil and condensate declined by 1.3% in 2012 compared to 2011. Major producers such as Tengizchevroil and KazMunaiGas cut back production. So far, oil is produced exclusively from onshore fields and virtually confined to five regions: Atyrau, Mangistau, Western Kazakhstan, Kyzylorda and Aktyubinsk.

During 2006 and 2007, NC KMG acquired stakes - ranging from 33% to 50% - in three large producers: PetroKazakhstan, Kazgermunai, and Karazhanbasmunai. Following these acquisitions, in January 2008, NC KMG´s share in Kashagan - the largest offshore field development project - doubled to 16.7 from 8.3. Аt the end of 2009, NC KMG completed the acquisition of 50% interest in Mangistaumunaigas, the fifth largest oil producer in the country.

In December 2011, Kazakhstan´s authorities finally secured the consent of Karachaganak Petroleum Operating B.V.´s shareholders to sell a 10 percent share in the Karachaganak field development project to KazMunaiGas for $3 billion.

Commercial gas production in Kazakhstan has been conducted since the mid-1980s, when development of the Tengiz and Karachaganak fields was begun. Production of gas, which had positive dynamics in the Soviet era, started to rapidly decline after the disintegration of the USSR, and only starting in 1999 did a sustained rise in gas production occur.

From 2001 to 2012 gas production (natural and associated) in the country rose from 11.6 bcm to 40.1 bcm per year (by 345%). The share of natural gas in the total output was 53%, the rest was accounted for associated gas - 18.9 bcm, or 47.1%.

In 2012 there were 60 gas-producing companies in Kazakhstan, with about 77 % of the total annual gas production coming from two leading producers, Karachaganak Petroleum Operating Co. And Tengizсhevroil (40.7% and 31.6%, respectively). CNPC-Aktobemunaigas ranked third, lagging far behind the leaders.

Report Scope

This is a report on petroleum exploration and production in the Republic of Kazakhstan and the companies engaged in that work. It provides comprehensive, practical information from contact details and historical performance of the companies to forecasts of drilling, production, and hydrocarbon exports for Kazakhstan as a whole.

Kazakhstan´s Oil and Gas Upstream 2013 is the latest in annual reports based on our many years of extensive experience and expertise monitoring and evaluating the region´s petroleum industry. We have updated and released reports annually for six years. Like earlier reports, this 2013 issue provides insights into Kazakhstan´s current petroleum market as well as areas of growth and contraction and their extent. The report forecasts production, exports, and development drilling in Kazakhstan, presenting over 50 maps with license blocks, proximity, and access to the oil and gas pipeline system operated by the Kazakh Committee for Geology and Subsoil Protection.

This new report offers detailed statistics on oil and gas exports by destination market, with data from 2011 and 2012 and brief forecasts for 2013-2020.

This report bases assumptions and projections of scenarios on in-depth analysis of proprietary information.

Key sections of the report address the following:

• Kazakhstan´s petroleum market: production, refining, internal consumption, export, industry trends, and forecasts
• The oil and gas pipeline system: condition, usage rates, and expansion projects
• Investment climate in Kazakhstan: regulations, risks, and prospects for industry participants
• Profiles of the 50 production companies operating in Kazakhstan: licenses, reserves, access to oil and gas infrastructure, production and export data, political and economic factors impinging on or promoting a company´s growth
• Kazakhstan´s exploration and production drilling: scope of drilling, major customers and contractors, and forecasts of drilling to 2020

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