Kazakhstan’s Giant Kashagan Oilfield to Hit 1 Billion Barrels Production Soon

Kazakhstan’s Giant Kashagan Oilfield to Hit 1 Billion Barrels Production Soon

The Kashagan oilfield, which began production in 2013, is expected to hit the landmark 1 billion barrels of cumulative production by the end of the year, according to Kazakhstan media. Kashagan is located in the North Caspian Sea in Kazakhstan and is one of the biggest oil discoveries globally of the past 50 years. The oilfield has approximately 35 billion barrels of oil in place, of which nearly half are estimated to be recoverable. The Kashaga…

Kashagan: Kazakh oil giant on its way to 1 billion barrels in 2025, but challenges OPEC+ quotas - Economic Scenarios

The Kashagan oil field, located in the North Caspian Sea in Kazakhstan, is poised to reach a historic milestone: by the end of 2025, cumulative production will exceed 1 billion barrels, according to Kazakh sources. Discovered 50 years ago, Kashagan is one of the world’s largest oil fields, with approximately 35 billion barrels of oil in place, of which nearly half (15.885 billion) is considered recoverable. This achievement, combined with the ex…