Kazakhstan's Tengiz oil field now producing 10,000 tonnes per day less than planned after repairs - KMG

ASTANA. Nov 22 (Interfax) - Oil production at the Tengiz field in Kazakhstan is now 10,000 tonnes per day below the target, with planned output due to be reached in the very near future, KazMunayGas CEO Askhat Khasenov said.

It was reported earlier that oil output at Tengiz field had fallen 28-30% due to repairs that started in October due to damage caused during production.

"Unfortunately, such things can happen during the production process. In any case, this is not a dramatic situation. The decline in production was not very drastic. Today, production is only 10,000 tonnes per day below the target. Planned production will be reached in the very near future," Khasenov said at a Friday press conference in Astana.

Production at Tengiz is currently 10% below the norm, he said.

The decrease in Tengiz output has not caused any losses for the government budget, Khasenov said.

Production at the Tengiz plant was partly suspended on October 26 to carry out repair work on waste heat boiler E-401A of Unit 400. Localized corrosion damage was discovered during the equipment inspection. The Energy Ministry said earlier that the repairs would be completed by November 23.

The Tengiz oil and gas field is one of the largest in Kazakhstan, with oil reserves of 3.1 billion tonnes. It is located in the Atyrau region. According to the company's latest data, the field produced 14.4 million tonnes of oil (114.6 million barrels) in January-June 2024, which is 3.4% less than in the first half of 2023.

The partners in Tengizchevroil LLP are Chevron (50%), ExxonMobil Kazakhstan Ventures Inc (25%), Kazakhstan through KazMunayGas (20%) and Lukoil (5%).