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Kazakhstan : MAX PETROLEUM commissions a new OIL PIPELINE.

A new oil pipeline, and associated Makat oil terminal facility, associating its Zhana Makat field with the regional oil export pipeline approximately 10 kilometres away, has been licensed by Max Petroleum. Petroleum reveals a new Kazakhstan pipeline and oil terminal

The quantity of oil being delivered through the pipeline is now building up to a total of approximately 3,400 barrels of oil per day

It is now possible to deliver oil directly from the Zhana Makat Central Processing Facility to the national Kazakh pipeline network enabling direct delivery of both domestic and export oil sales. Oil produced at the Zhana Makat, Borkyldakty, Sagiz West and East Kyzylzhar I fields can now be transported to end users using this pipeline at a transport cost saving of approximately USD 4/barrel.

Asanketken field production would proceed to be transported to a terminal closer to that field.

The quantity of oil being delivered through the pipeline is now ramping up to a total of approximately 3,400 barrels of oil per day, being the total volume that is currently available to be transported via this route.

It is anticipated that there will be an annualised transport cost saving of approximately USD 4.9m once this ramp-up is complete.

The volume of oil that is being transported through the pipeline is anticipated to raise further as production is increased from Sagiz West and East Kyzylzhar I once continuous trial production commences from these fields, expected in 2015.

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Publication:Mena Report
Geographic Code:9KAZA
Date:Jul 2, 2014
Words:256
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