Kazakhstan plans to extend life of oilfield assets

AKIPRESS.COM - Kazakhstan will establish a Roadmap to extend the life of oil fields, the Atameken national chamber of enterpreneurs of the country reported.
The Chairman of the Board of the National Company KazMunayGas JSC Alik Aidarbayev made such a proposal during the meeting of the Committee of the Oil and Gas Industry of the Presidium of the Atameken NCE RK.
"We need an effective system of economic regulation. Perhaps we should look at the experience of our Russian colleagues in terms of tax breaks. Today in Zhanaozen, for example, the oil recovery factor is 0.3, and it is needed to grow to 0.5. For this purpose, we need to apply incentive measures specifically for this field. We should be focused on certain fields and introduce technologies there," Alik Aidarbayev said.
According to the speaker, there are fields in Kazakhstan that require high costs for oil production, and there are no other ways to stimulate it. In turn, Committee Chairman Daniyar Abulgazin proposed to develop the Roadmap by the end of 2020.
"First of all, it is necessary to carry out a large-scale inventory of oil reserves and understand which of them should be stimulated. I propose to complete the work by September 2020 and present the Roadmap," Daniyar Abulgazin suggested.
Also during the meeting, the issue of the subscription fee for data transfer from oil products metering devices was raised. The operator, providing automated online data transmission, was determined by NIT JSC. Today, the monthly subscription fee is 4,150 tenge per month for one metering control device.