West Kazakhstan’s major gas condensate field Rozhkovskoye was put into operation with Prime Minister Alikhan Smailov participating in the ceremony via a videoconference, Kazinform News Agency reports.
The gas and condensate field was discovered in 2008 as a result of geological exploration works. 14.2 billion cubic meters of raw gas and 7.1 million tons of condensate are set to be produced here by 2040.
Photo credit: primeminister.kz
The field is developed by a joint venture comprising KazMunayGas (50%), Hungary’s MOL Group (27.5%) and China’s Sinopec (22.5%), according to primeminister.kz.
$534 million have been invested into the project to date.
The national budget is expected to be replenished by 501 billion tenge, while 100 billion tenge will go to the local budget due to the project's implementation. The shareholders also plan to spend at least 3.1 billion tenge on socio-economic development of the region and allocate 1% from the investments to the local personnel training.
Alikhan Smailov emphasized strategic importance of the project launched in pursue of the Presidential instruction on attraction of investments to the exploration and development of new gas fields.
Photo credit: primeminister.kz
In his words, several more gas projects will be launched in a mid-term perspective, such as Urikhtau Centralnyi in Aktobe region, Zapadnaya Prorva in Atyrau region and Kalamkas in Mangistau region.
The development of this field will let produce, on average, over 2 billion cubic meters of gas per annum.
Photo credit: primeminister.kz
Additionally, the country is developing 12 promising geological survey projects together with international companies.
Chairman of the Board of JSC NC KazMunayGas Magzum Mirzagaliyev, Vice President of MOL Group Zsombor Marton from Budapest and Chairman of Sinopec International Petroleum Exploration & Production Corporation Guo Yueliang from Beijing participated in the ceremony in a videoconference format.
Photo credit: primeminister.kz
