BG Group Lifts First Oil from Karachaganak

Karachaganak Pipeline
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The first shipment of oil from the Karachaganak Phase Two facilities has been loaded for export at the Novorossiysk sea terminal on the Black Sea.

BG Groupís total production from Karachaganak in 2004 is projected to be around 35 million barrels of oil equivalent. First production from the new facilities entered the connecting export pipeline to Atyrau on July 15, 2003. The facilities were subsequently shut down in September due to product becoming contaminated with caustic soda. Further to this, and as announced on December 5, 2003, oil sales were further delayed due to an issue associated with small bore pipe welds within the facilities. This has now been remedied.

The field is capable of producing more than 10 million tons per annum of liquids (200,000 barrels of oil per day) and up to 7 billion cubic meters per annum of sales gas (700 million standard cubic feet per day). Further phases of development are expected to follow, to increase liquids production, subject to the development of a market for the substantial additional gas volumes that would be produced.

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