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 List of transcontinental countries, transcontinental country spanning Eastern Europe and North Asia, Northern Asia. It is the List of countries and dependencies by area, largest country in the ...
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 Man ...
. 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 18 ...
.
History
The first agreement concerning Kurmangazy field was signed in 2002. The US$23 billion worth PSA agreement was signed with
KazMunayGas
KazMunayGas (KMG) ( kk, QazMúnayGaz, ҚазМұнайГаз) is the state-owned oil and gas company of Kazakhstan. and
Rosneft
PJSC Rosneft Oil Company ( stylized as ROSNEFT) is a Russian Vertical integration, integrated energy company headquartered in Moscow. Rosneft specializes in the exploration, Extraction of petroleum, extraction, production, refining, Petroleum t ...
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 co ...
, but later Rosneft received the option on this remaining stake once commercial extraction commences.[
] Total S.A. and ONGC
The Oil and Natural Gas Corporation (ONGC) is a central public sector undertaking under the ownership of Ministry of Petroleum and Natural Gas, Government of India. It is headquartered in New Delhi. ONGC was founded on 14 August 1956 by the ...
have shown interest to join the project.[
]
See also
* Energy in Kazakhstan
References
External links
Kurmangazy Structure (Rosneft's website)
Kurmangazy (KazMunayGas' website)
{{Resources in Kazakhstan
Oil fields of Kazakhstan
Geography of Kazakhstan
Caspian Sea
Rosneft