The Karachaganak field is estimated to hold hydrocarbons initially in place of 13.6 billion barrels (bbbl) of liquids and 59.4 trillion cubic feet (tcf) of gas. Credit: Karachaganak Petroleum Operating B.V.

Technip Energies, in partnership with KPSP, has signed a service agreement with Karachaganak Petroleum Operating (KPO) for the development of the Karachaganak field in Kazakhstan.

The agreement has been signed by TKJV, a joint venture between Technip Energies and KPSP.

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Under the five-year agreement, TKJV will provide range of services, from consulting and concept to detailed engineering.

The aim is to optimise and expand the field’s existing facilities and infrastructure.

Technip Energies T.EN X consulting and products senior vice-president Charles Cessot said: “The trust placed in us for this project demonstrates our expertise and operational quality for many years in Kazakhstan. This project aligns perfectly with our ambition to provide cutting-edge and efficient consulting services.”

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TKJV, which was established in 2019, will oversee the project execution.

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TKJV CEO and chairman Nour Abou Jaoudé said: “We are fully committed to supporting the localisation of complex engineering services as part of the country’s ambitious local content development plans and specially on such an important project for the Kazakh energy sector and economy.”

The Karachaganak gas and condensate field is estimated to hold 13.6bbbl of liquid hydrocarbons and 59.4tcf of gas initially in place.

Spanning more than 280km², the field has estimated gross reserves of more than 2.4bbbl of condensate and 16tcf of gas.

In 2023, the field produced 142.698 million barrels of oil equivalent, with approximately 56.5% of the total gas produced being reinjected to maintain reservoir pressure.

Eni and Shell each hold a 29.25% stake in the field, while Chevron owns 18%, Lukoil owns 13.5% and KazMunayGas has a 10% interest.

Last year, reports emerged that Kazakhstan plans to increase its deliveries of crude oil to Germany to 100,000 tonnes per month.