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, often described as the world's largest lake or a full-fledged sea. An endorheic basin, it lies between Europe and Asia; east of the Caucasus, west of the broad steppe of Central Asia ...
on the maritime border between
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-eig ...
and
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, Uzbeki ...
, about west of the
Buzachi Peninsula
The Buzachi Peninsula ( kk, Бозащы түбегі, ''Bozaşy tübegı''; russian: Полуостров Бузачи) is a peninsula located in western Kazakhstan. It borders on the Mangyshlak Bay of the Caspian Sea in the west and with the Ma ...
. It is expected to be the third largest oil field of Kazakhstan.
[
] The field is named after
Kurmangazy Sagyrbayuly
Kurmangazy Sagyrbaev ( kk, Құрманғазы Сағырбайұлы, ''Qūrmanğazy Sağyrbaıūly''; 1823–1896) was a Kazakh composer, instrumentalist (kobyz, dombra), and folk artist. He influenced Kazakh musical culture. He was born in 1 ...
.
History
The first agreement concerning Kurmangazy field was signed in 2002. The US$23 billion worth PSA agreement was signed with
KazMunayGas and
Rosneft 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 (russian: Зарубежнефть) 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 c ...
, 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 one of the seven supermajor oil companies. Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and ...
and ONGC 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 is net energy exporter. Kazakhstan has oil, gas, coal and uranium reserves. Kazakh ...
References
External links
Kurmangazy Structure (Rosneft's website)
Kurmangazy (KazMunayGas' website)
{{Resources in Kazakhstan
Oil fields of Kazakhstan
Geography of Kazakhstan
Caspian Sea
Rosneft