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Umit Oil Field
The Umit Oil Field is an oil field located in Aktobe Province. It was discovered in 2008 and developed by China National Petroleum Corporation. The oil field is operated and owned by China National Petroleum Corporation The China National Petroleum Corporation (CNPC) () is a major national oil and gas corporation of China and one of the largest integrated energy groups in the world. Its headquarters are in Dongcheng District, Beijing. CNPC was ranked fourth .... The total proven reserves of the Umit oil field are around 1.34 billion barrels (180×106tonnes), and production is centered on . References Oil fields of Kazakhstan {{kazakhstan-stub ...
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Kazakhstan
Kazakhstan, officially the Republic of Kazakhstan, is a transcontinental country located mainly in Central Asia and partly in Eastern Europe. It borders Russia Russia (, , ), or the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with its internationally recognised territory covering , and encompassing one-eigh ... to Kazakhstan–Russia border, the north and west, China to China–Kazakhstan border, the east, Kyrgyzstan to Kazakhstan–Kyrgyzstan border, the southeast, Uzbekistan to Kazakhstan–Uzbekistan border, the south, and Turkmenistan to Kazakhstan–Turkmenistan border, the southwest, with a coastline along the Caspian Sea. Its capital is Astana, known as Nur-Sultan from 2019 to 2022. Almaty, Kazakhstan's largest city, was the country's capital until 1997. Kazakhstan is the world's largest landlocked country, the largest and northernmost Muslim world, Muslim-majority cou ...
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Aktobe Province
The Aktobe Region ( kk, Ақтөбе облысы, Aqtöbe oblysy; russian: Актюбинская область, translit=Aktyubinskaya oblast) is a region of Kazakhstan. The name ''Aktobe'' comes from Kazakh ''aq'' 'white' and ''töbe'' 'hill' or 'top (of something)'; supposedly, Aktobe's initial settlers were able to see white mountains far to the north. The Aktobe regional capital is the city of Aktobe. The region is located in the western part of Kazakhstan. Its area is 300,629 km2 (second-largest in Kazakhstan), which is 11 per cent of the territory of Kazakhstan. The population is 909 673 as of June 1, 2022. It was formed as a result of the administrative-territorial reform on March 10, 1932 as part of the cossack KSSR. Historically, it was preceded by the Aktobe district, which existed in 1921-1928. In 1936, the region became part of the Kazakh SSR separated from the RSFSR and since 1991, after the collapse of the USSR, as part of the independent Republic of Kazakhstan. ...
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China National Petroleum Corporation
The China National Petroleum Corporation (CNPC) () is a major national oil and gas corporation of China and one of the largest integrated energy groups in the world. Its headquarters are in Dongcheng District, Beijing. CNPC was ranked fourth in 2020 Fortune Global 500, a global ranking of the largest corporations by revenue. Corporate structure CNPC is the government-owned parent company of publicly listed PetroChina, which was created on November 5, 1999, as part of the restructuring of CNPC. In the restructuring, CNPC injected into PetroChina most of the assets and liabilities of CNPC relating to its hydrocarbon exploration and production, refining and marketing, chemicals and natural gas businesses. CNPC and PetroChina develop overseas assets through a joint venture, the CNPC Exploration & Development Company (CNODC), which is 50% owned by PetroChina. In March 2014, CNPC Chairman Zhou Jiping announced that CNPC would be opening six business units to private investors ...
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Oil Field
A petroleum reservoir or oil and gas reservoir is a subsurface accumulation of hydrocarbons contained in porous or fractured rock formations. Such reservoirs form when kerogen (ancient plant matter) is created in surrounding rock by the presence of high heat and pressure in the Earth's crust. Petroleum reservoirs are broadly classified as ''conventional'' and '' unconventional'' reservoirs. In conventional reservoirs, the naturally occurring hydrocarbons, such as crude oil or natural gas, are trapped by overlying rock formations with lower permeability, while in unconventional reservoirs, the rocks have high porosity and low permeability, which keeps the hydrocarbons trapped in place, therefore not requiring a cap rock. Reservoirs are found using hydrocarbon exploration methods. Oil field An oil field is an area of accumulation of liquid oil underground in multiple (potentially linked) reservoirs, trapped as it rises by impermeable rock formations. In industrial term ...
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Proven Reserves
Proven reserves (also called measured reserves, 1P, and reserves) is a measure of fossil fuel energy reserves, such as oil reserves, natural gas reserves, and coal reserves. It is defined as the " antity of energy sources estimated with reasonable certainty, from the analysis of geologic and engineering data, to be recoverable from well established or known reservoirs with the existing equipment and under the existing operating conditions." A reserve is considered proven if it is probable that at least 90% of the resource is recoverable by economically profitable means. Operating conditions are taken into account when determining if a reserve is classified as proven. Operating conditions include operational break-even price, regulatory and contractual approvals, without which the reserve cannot be classified as proven. Price changes therefore can have a large impact on the classification of proven reserves. Regulatory and contractual conditions may change, and also affect the ...
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