ALMATY, March 9 (Reuters) - Operators of Kazakhstan's
giant Karachaganak gas condensate field plan to further boost
its output by 2026 with the installation of another compressor
unit, Kazakh President Kassym-Jomart Tokayev's office said on
Thursday.
Karachaganak currently operates with four compressors which
inject sour gas back into the reservoir to boost pressure and
increase the output of liquid condensate.
The field's operators - Chevron , Eni , Shell , LUKOIL and KazMunayGaz - are
already adding a fifth compressor in a $970 million expansion
project they plan to complete by 2024, Tokayev's office said in
a statement, a year earlier than previously announced.
Tokayev, who visited the field in western Kazakhstan on
Thursday, was told that a sixth compressor would be installed by
2026 at a cost of $735 million to further boost production.
It was unclear from the statement how that would affect
annual output, which currently stands at 11.3 million tonnes,
but Tokayev's office said the expansion would increase total
production throughout the life of the contract - until 2038 - by
46 million tonnes.
(Reporting by Olzhas Auyezov; Editing by Alexander Smith)
Messaging: olzhas.auyezov.thomsonreuters.com@reuters.net))
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