Oil production will fall after 2030 in Kazakhstan – Karabalin

17 May, 2018, 14:30 293
Oil production will fall after 2030 in Kazakhstan – Karabalin

He noted that until 2050 the productivity of many operating deposits would gradually reduce.

Deputy chairman of the Association of KAZENERGY Uzakbay Karabalin told about the perspectives of carbon-based resources in the world energy balance and reduction of oil production volumes by 2030 within the 2nd International Geological Forum: Oil and Gas, BNews.kz correspondent reports.

“At the beginning of 90s, Kazakhstan entered the top-20 countries of the world in oil reserves and in the oil production volume. Over the years of independence, the volume of production has increased by almost 6 times, and we entered the top-12. Kazakhstan takes the 12th place in the world in oil production. It increased by more than three times. Over 2017-2018, the figures will be higher much owing to Kashagan. The gas production increased in the volume by 5 times,” said deputy chairman of the Association of KAZENERGY Uzakbay Karabalin.

He noted that in Kazakhstan the productivity of many operating deposits will gradually reduce by 2050.

“The three main Kazakhstan supergiants – Tengiz, Karachaganak and Kashagan will dominate ensuring an increase in oil production, and will equal it to the annual level of 110-115 million tons by 2030. But after 2030, it is expected that we will lose the oil production volumes reached. In ths connection, we should think our further steps,” said Karabalin.  

According to him, in this regard Kazakhstan held a large-scale evaluation of the resource base of hydrocarbon of all 15 residual basins of Kazakhstan.  

 “Following the research, the evaluation of produced resourced in the country increased from 22 to 76 billion tons, of which about 60 billion tons are in the Caspian Depression that takes a priority significance. It increased Kazakhstan’s potential by three times compared to that before the research,” said Karabalin.

We note that he told that the facts and figures did not have nothing with a very end of oil era. So, following the forecasts of analytical organizations, the energy consumption in the world will increase by 1.5-2 times in the near two-three decades.