Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

Kashagan May Fail to Restart this Year if Offshore Pipes Damaged

change text size

Reuters

ASTANA, April 7 (Reuters) – Output at Kazakhstan's huge Kashagan oilfield may fail to restart this year if test results expected in May show cracks in the offshore part of its pipeline network, Kazakh Oil and Gas Minister Uzakbai Karabalin said on Monday. 
An inspection of the pipelines is under way and "suspicions have emerged" of microcracks in those laid in the Caspian Sea, Karabalin told reporters.

Kazakhstan, Central Asia's largest economy and the second-largest post-Soviet oil producer after Russia, is pinning hopes for future prosperity on Kashagan, whose recoverable reserves are estimated at 9 billion to 13 billion barrels of oil.

Production at the offshore deposit, the world's biggest oil find in 35 years, started in September but halted in early October after the detection of gas leaks in the $50 billion project's pipeline network.

Asked when output could be restarted, Karabalin said: "It's impossible to say anything right now ... because suspicions have emerged that there may be microcracks in the offshore stretch of the pipeline as well."

He said closer checks of "possible risks offshore" were hampered by ice melting in the shallow Caspian Sea. These checks must be completed in late May, he said.

"Then it will be clear whether there are cracks in the offshore part of the pipeline network. If they really are there, this would lengthen the duration of previously planned work.

"Contractors have various scenarios - the easiest one is if it's just onshore. In this case, this can be mended and then, probably, it (output) will be this year."


123

View Full Article

Copyright 2014 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Most Popular Articles
From the Career Center
Jobs that may interest you
Engineering Technician
Expertise: Engineering Technician, Production Operator
Location: Denver, CO
 
Production Engineer
Expertise: Production Engineering
Location: Houston, TX
 
Crane Operator - Deepwater GoM
Expertise: Production Operator
Location: Lafayette, LA
 
search for more jobs