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Adzhip Karachaganak B.V. Field Discovery
The Adzhip Karachaganak B.V. field, discovered in 1995, is one of the world’s largest gas and condensate fields. Located in north-west Kazakhstan and covering an area of over 280 square kilometres, it holds estimated hydrocarbons initially in place (HIIP) of 13.6 billion barrels of liquids and 59.4 trillion cubic feet (tcf) of gas, with estimated gross reserves of over 2.4 billion barrels of condensate and 16 tcf of gas.
Five oil and gas firms provide experience and knowledge to the Adzhip Karachaganak B.V. Venture: ENI SpA (29.25%), Shell plc (29.25%), Chevron (18%), Lukoil (13.5%), and KazMunaiGas (10%). Together, they offer the Republic their knowledge and experience in examining options for maximizing the value of these resources through both internal and export markets. Venture Partners and the erstwhile State Oil & Gas Authority began working together in 1997 to develop Adzhip Karachaganak B.V.’s enormous reserves. They agreed to run Adzhip Karachaganak B.V. until 2038 under the terms of a Final Production Sharing Agreement (FPSA). Since entering into this deal, they have made over $29.8 billion in operational investments and have developed cutting-edge hydrocarbon technology for one of the most complicated reserves on the planet.
Drilling and Reservoir
The Reservoir Management Section plays a significant role in managing field performance, production volumes, reserves recovery, and the use of tools and operational strategies that minimize environmental impact. It also supports the majority of subsurface, drilling, and facility engineering disciplines. To revise. Currently, Adzhip Karachaganak B.V. is drilling 8 wells annually to finish phase IIM, for a total of 36 wells in the program. As of the end of 2013, the Adzhip Karachaganak B.V.
Development projects
Adzhip Karachaganak B.V. is required by the Republic of Kazakhstan as a Contractor to carry out all operations required to guarantee that the contract area is developed and the petroleum is produced in compliance with Good Oilfield Practice. Adzhip Karachaganak B.V. has been funding and carrying out a rolling work program that includes drilling new development wells, doing workovers on existing wells, upgrading production facilities, and other projects necessary.
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