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Crude Oil June 02, 2025 07:37:07 AM

Kazakhstan’s Largest Oil to Hit 1 Billion Barrel Milestone in 2025

Anil
Mathews
OilMonster Author
The meeting between the two parties discussed ongoing developments at the Tengiz and Kashagan fields.
Kazakhstan’s Largest Oil to Hit 1 Billion Barrel Milestone in 2025

SEATTLE (Oil Monster): By the end of this year, Kashagan, Kazakhstan's largest oil field, which is situated on the Caspian Sea shelf, is predicted to produce a total of one billion barrels of oil. Since the oilfield's commercial production started in November 2016, it has produced about 906 million barrels of oil. The oil field's recoverable resources are now valued at approximately 15.8 billion barrels.

Following a recent discussion between ExxonMobil Vice President Peter Larden and Kazakh Prime Minister Olzhas Bektenov, the forecast was made public. The discussion covered a range of topics, such as the adoption of cutting-edge technology and the development of infrastructure, in order to increase collaboration between the oil and gas sectors.

The two sides' meeting covered current events at the Kashagan and Tengiz areas. Additionally, stage 2A of the Kashagan development—which includes a gas processing plant with an estimated yearly capacity of 2.5 billion cubic meters—was one of the topics of discussion. The gathering made clear how urgent it is to start talking about stage 2B.

The oil production from the Kashagan offshore oil and gas field increased from 12.7 million tons in 2022 to 18.8 million tons in 2023.

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