Khazar is a conventional oil development located in shallow water in Kazakhstan and is operated by Kalamkas-Khazar Operating. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Khazar was discovered in 2007, lies in block Zhemchuzina (Pearls Block), with water depth of around 33 feet. Buy the profile here.
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The project is currently in feasibility stage and is expected to start commercial production in 2028. Final investment decision (FID) of the project will be approved in 2025. The development cost is expected to be $2,726 m.
Field participation details
The field is owned by Lukoil Oil and National Company KazMunayGas.
Production from Khazar
Production from the Khazar conventional oil development project is expected to begin in 2028 and is forecast to peak in 2032, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2051.
Contractors involved in the Khazar conventional oil field
Some of the key contractors involved in the Khazar project as follows.
Other Contractors: John Wood Group, LightHouse and RECON Engineering
About Kalamkas-Khazar Operating
Kalamkas-Khazar Operating LLP, a subsidiary of National Company KazMunayGas, is engaged in the production of hydrocarbons in the oil fields. The company is headquartered in Astana, Kazakhstan.
For more details on the Khazar Conventional Oil Field, buy the profile here.
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This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
