Kazakhstan-focused Max Petroleum announced Tuesday that it has commissioned a new oil pipeline, and associated oil terminal, connecting its Zhana Makat field with the regional oil export pipeline approximately seven miles away from the field.
Max said that it is now be possible to deliver oil directly from the Zhana Makat Central Processing Facility to the national Kazakh pipeline network. Oil produced at the Zhana Makat, Borkyldaty, Sagiz West and East Kyzylzhar I fields can now be transported to end users via the pipeline at a transport cost saving of approximately $4 per barrel, the firm added.
Max said that the quantity of oil being delivered using the pipeline is now ramping up to a total of approximately 3,400 barrels of oil per day. Max expects that there will be an annualized transport cost saving of approximately $4.9 million once the ramp-up is completed.
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