The Khvalynskoye gas field is a conventional gas condensate field located in the Kazakhstan's sector in the northern part of the
Caspian Sea. It lies about from
Astrakhan at a sea depth of . The operator of the project is
Lukoil
The PJSC Lukoil Oil Company ( stylized as LUKOIL or ЛУКОЙЛ in Cyrillic script) is a Russian multinational energy corporation headquartered in Moscow, specializing in the business of extraction, production, transport, and sale of petrol ...
with 50% stake. Other partners are
KazMunayGas
KazMunayGas (KMG) ( kk, QazMúnayGaz, ҚазМұнайГаз) is the state-owned oil and gas company of Kazakhstan. (25%),
Total S.A. (17%), and
GDF Suez (8%).
[
]
History
Lukoil started to drill the Khvalynskaya-1 exploratory well in July 1999 by using ''Astra''
semi-submersible jack-up rig. The well was completed in 2000. The Khvalynskaya-3 well was completed in 2002.
[
In 2003, Lukoil and KazMunayGas signed a deal on the joint development of the Khvalynskoye field. The Khvalynskoye joint venture was established in 2005.][
] In October 2009, Kazakhstan invited Total and GDF Suez to join the project.[
][
]
Reserves
The field is expected to have 322 billion cubic meters of natural gas, 17 million tons of gas condensate and 36 million tons of oil in place
Oil in place (OIP) (not to be confused with original oil-in-place (OOIP)) is a specialist term in petroleum geology that refers to the total oil content of an oil reservoir. As this quantity cannot be measured directly, it has to be estimated from ...
. Recoverable reserves are 127 billion cubic meters of natural gas and 9.6 million tons of gas condensate. The field is expected to become operational in 2016 and to produce 9 billion cubic meters of natural gas per year. The produced oil and gas will be transported to Russia through the Lukoil-operated Yuri Korchagin field
The Yuri Korchagin field is an offshore oil field in the Russian sector of the North Caspian Sea. The field is located from Astrakhan and from Makhachkala at a sea depth of . The field is owned and operated by Lukoil–Nizhnevolzhskneft, a subsid ...
.[
]
References
{{coord missing, Kazakhstan
Lukoil oil and gas fields
Natural gas fields in Kazakhstan
Oil fields of Kazakhstan
Caspian Sea