CNPC is currently in negotiations with ChevronTexaco to purchase its stake. ChevronTexaco is the operator of the field.
The onshore field currently produces 8,000 barrels a day of a heavy, low-sulphur crude. A CNPC official said that it is an underdeveloped field of heavy crude and it could be transported through a proposed crude oil pipeline running from Kazakhstan to China's border in the northwest Xinjiang Uighur Autonomous Region.
CNPC holds 86 percent of CNPC-Aktobenmunaigaz, Kazakhstan's third-largest crude producer, with output expected at 5.2 million tons, or 100,000 bpd, in 2003. Kazakhstan is CNPC's second-largest investment overseas, after Sudan.
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