Kurmangazy Field
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The Kurmangazy oil field is an offshore oil field located in the Kazakh section of the
Caspian Sea The Caspian Sea is the world's largest inland body of water, described as the List of lakes by area, world's largest lake and usually referred to as a full-fledged sea. An endorheic basin, it lies between Europe and Asia: east of the Caucasus, ...
on the maritime border between
Russia Russia, or the Russian Federation, is a country spanning Eastern Europe and North Asia. It is the list of countries and dependencies by area, largest country in the world, and extends across Time in Russia, eleven time zones, sharing Borders ...
and
Kazakhstan Kazakhstan, officially the Republic of Kazakhstan, is a landlocked country primarily in Central Asia, with a European Kazakhstan, small portion in Eastern Europe. It borders Russia to the Kazakhstan–Russia border, north and west, China to th ...
, about west of the
Buzachi Peninsula The Buzachi Peninsula (, ''Bozaşy tübegı''; ) is a peninsula located in western Kazakhstan. It borders on the Mangyshlak Bay of the Caspian Sea in the west and with the Mangyshlak Peninsula in the southwest. The Dead Kultuk lies to the northea ...
. It is expected to be the third largest oil field of Kazakhstan. The field is named after
Kurmangazy Sagyrbayuly Kurmangazy Sagyrbayuly (, ''Qūrmanğazy Sağyrbaiūly''; 1823–1896) was a Kazakhs, Kazakh composer, instrumentalist (kobyz, dombra), and folk artist. He influenced Kazakh musical culture. He was born in 1823 in the Bukey Horde (now Zhanakala D ...
.


History

The first agreement concerning Kurmangazy field was signed in 2002. The US$23 billion worth PSA agreement was signed with
KazMunayGas KazMunayGas (KMG) () is the state-owned oil and gas company of Kazakhstan.Rosneft PJSC Rosneft Oil Company ( stylized as ROSNEFT) is a Russian integrated energy company headquartered in Moscow. Rosneft specializes in the exploration, extraction, production, refining, transport, and sale of petroleum, natural gas, and pet ...
on 6 June 2005. In May 2006, the first well was drilled into the structure; however, it failed to strike oil.


Reserves

The oil field has estimated reserves of .


Operator

The field is operated by Kurmangazy Petroleum Company. KazMunayTeniz, a subsidiary of KazMunayGas, owns 50% of the project and RN – Kazakhstan LLС, a subsidiary of Rosneft, owns 25%. Originally, 25% of shares was assigned to
Zarubezhneft JSC Zarubezhneft () is a Russian state-controlled oil company based in Moscow that specializes in exploration, development and operation of oil and gas fields outside Russian territory. Sergei Kudryashov is the company's General Director and Ye ...
, but later Rosneft received the option on this remaining stake once commercial extraction commences.
Total S.A. TotalEnergies SE is a French multinational integrated energy and petroleum company founded in 1924 and is one of the seven supermajor oil companies. Its businesses cover the entire oil and gas chain, from crude oil and natural gas explorat ...
and
ONGC The Oil and Natural Gas Corporation Limited (ONGC) is an Indian central public sector undertaking which is the largest government-owned oil and gas explorer and producer in the country. It accounts for around 70 percent of India's domestic pro ...
have shown interest to join the project.


See also

*
Energy in Kazakhstan Energy in Kazakhstan describes energy and electricity production, consumption and import in Kazakhstan and the politics of Kazakhstan related to energy. Kazakhstan, which has oil, gas, coal and uranium reserves, is a net energy exporter and a l ...


References


External links


Kurmangazy Structure (Rosneft's website)

Kurmangazy (KazMunayGas' website)
{{Resources in Kazakhstan Oil fields of Kazakhstan Caspian Sea Rosneft