Total and its partners have authorized the launch of Phase 3 development of the onshore Dunga field within the Mangystau Region of western Kazakhstan.
Phase 3 of the Total-operated subject will include including wells to the prevailing infrastructure and upgrading the processing plant to extend its capability by 10% to 20,000 bopd by 2022. This may add manufacturing of greater than 70 MMbbl of reserves.
The event has been made attainable because of the approval by the Republic of Kazakhstan Government of a 15-year extension of Production Sharing Agreement for the sector, initially signed in 1994 and on account of expiring in 2024.
The challenge requires a $300-million funding and can create 400 extra direct jobs within the area on the peak of construction exercise.
“This low-investment-cost-per-barrel improvement maximizes the field’s potential and extends plateau manufacturing,” stated Arnaud Breuillac, President, Exploration & Production at Total. “This new growth part, mixed with the Dunga field license extension, helps unlock 70 MMbbl of extra reserves, which represents a big development for Kazakhstan.”
Dunga oil area is operated by Total (60%), alongside Oman Oil Company (20%) and Partex (20%).
Lively in Kazakhstan since 1992, Total employs about 380 individuals within the nation.
The Group is among the significant shareholders within the North Caspian Mission consortium answerable for creating the vast Kashagan subject (16.81%) and operates the Dunga mission (60%).
Total can be increasing a distribution community in Central Asia for Total-branded lubricants, creating renewable vitality initiatives by way of its subsidiary Total Eren, and offering main industrial energy storage options through its subsidiary Saft.