Kumkol Oil Field
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Kumkol Oil Field
Kumkol Oil Field is an oil field located in Kyzylorda Province 200 kilometers from the town of Kyzylorda (4°51'02.9"N 65°28'48.9"E). It was discovered in 2008 and developed by PetroKazakhstan. The oil field is operated and owned by PetroKazakhstan PetroKazakhstan is a Canadian oil company, based in Calgary, Alberta, that has all of its business focused on Kazakhstan where it had some of oil and of natural gas reserves (January 2005 estimate) in the Turgai basin region. These are the secon .... The total proven reserves of the Kumkol oil field are around 300 million barrels (41×106tonnes), 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 to the north and west, China to the east, Kyrgyzstan to the southeast, Uzbekistan to the south, and Turkmenistan to 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-majority country by land area, and the ninth-largest country in the world. It has a population of 19 million people, and one of the lowest population densities in the world, at fewer than 6 people per square kilometre (15 people per square mile). The country dominates Central Asia economically and politically, generating 60 percent of the region's GDP, primarily through its oil and gas industry; it also has vast mineral ...
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Kyzylorda Province
Kyzylorda Region ( kk, Қызылорда облысы, translit=Qyzylorda oblysy; russian: Кызылординская область, translit=Kyzylordinskaya oblast) is a region of Kazakhstan. Its capital is the city of Kyzylorda, with a population of 234 736. The region itself has a population of 799 533. Other notable settlements include Aral, Kazaly (Kazalinsk) and the Russian-administered Baikonur, which services the Baikonur Cosmodrome. The total area of the province is . Geography The Kyzylorda Region shares a border with the neighboring country of Uzbekistan. It is bound as well by three other regions of Kazakhstan: Aktobe Region to the west, Karaganda Region to the north and Turkistan Region to the east. The Lesser Barsuki and Aral Karakum deserts are located in the region. The main lakes are Zhaksykylysh, Kamyslybas and Arys. The Syr Darya River, flowing from the Tian Shan mountains to the Aral Sea, passes through Kyzylorda Region. Demographics As of 2020, ...
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PetroKazakhstan
PetroKazakhstan is a Canadian oil company, based in Calgary, Alberta, that has all of its business focused on Kazakhstan where it had some of oil and of natural gas reserves (January 2005 estimate) in the Turgai basin region. These are the second largest Kazakhstani proven reserves after ChevronTexaco's TengizChevroil. Estimated production is of oil per day. In 2005, PetroKazakhstan was acquired by China National Petroleum Corporation and then in 2006 transferred to PetroChina. Origins - Hurricane Formerly known as Hurricane Hydrocarbons Ltd. the company was founded in 1981 and initially operated in Western Canada. It changed to a more international focus and grew after making several major oil and gas finds in Southern Kazakhstan, in 1991 becoming a partner in a JV to develop the Kyzylkiya, Aryskum, Maibulak and South Kumkol fields. In 1996 it purchased Yuzhneftegaz from the Kazakh government, making it one of the largest players in the country. However the company ran ...
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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 terms, an o ...
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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 am ...
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