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Luca VignatiAktau, 25 September 2012
KARACHAGANAK ACTIVITY REVIEW AND LONG TERM DEVELOPMENT PLANS
WORLD CLASS EXPERTISE – WORLD CLASS ASSET
FIELD OVERVIEW
One of the world’s largest gas condensate fields; Discovered in 1979; Gross reserves – over 2.4 billion barrels of condensate and 16 tcf of gas.
New agreement – 14 December 2011
29.25%
29.25%
18%
13.5%
The Republic of Kazakhstan, the Contracting Companies and KPO have recently completed the agreement in relation to the Karachaganak Project that was initially signed on 14 December 2011.
Under the terms of the agreement the Republic has acquired a 10% interest in the Karachaganak Final Production Sharing Agreement.
The Republic’s interest in the Final Production Sharing Agreement will be managed by the national oil company, KazMunaiGas (KMG).
The consideration under the agreement also includes the allocation of an additional 2 million tonnes per year capacity in the Caspian Pipeline Consortium export pipeline over the remaining life of the Final Production Sharing Agreement .
10%
RESERVES AND INVESTMENTS
Karachaganak holds an estimated 9 billion barrels of condensate and 48 trillion cubic feet (tcf) of gas.
To date, around 7-8% of the recoverable hydrocarbons initially in place have been produced.
Since the signing of the FPSA:• $15.3 bln invested into developing the field, applying
industry leading technology aimed at maximizing sustainable economic value
• $14.6 bln of direct payments to RoK budget
KPC
Unit 2
Unit 3
Unstabilised Oil
Sour Gas to Re-injection
Unstabilised Oil
65 000 BOEPD
Sour Gas
24 MSM3/dayOrenburg
Stabilised Oil
242 402 BOPD
CPC
MiniRefinery
Unstabilised Oil
15 000 BOEPD
Injection Wells
Production from Wells
Fuel Gas 2.4MSm3/d
FACILITIES OVERVIEW
Sour Gas
Production from Wells
Orenburg
Production from Wells
24 MSM3/day
50 MW
Power
Community
KPC- Atyrau oil pipeline (635km), operating since 2003
Two pumping stations, one at KPC, the other at Bolshoi Chagan; terminal at Atyrau for receipt and storage
Stabilised liquids exported via CPC and Atyrau – Samara
Principal sale points of stabilised liquids are Novorossyisk (Black Sea) and Primorsk (Baltic)
Sour gas and unstabilised liquids sent to Orenburg
PRINCIPAL EXPORT ROUTES
PRODUCTION AND INJECTION HISTORY
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K B
arre
ls p
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ay)
Gas Injection
Gas Sales
Liquid Production
PSPA FPSA
Field Development Plan - Gas Balancing
Description Maximise production of
liquids based upon current gas handling limitations
Transfer currently shut-in KPC wells to Unit 2
Installation of two 5960m 10” pipelines between RMS-M and Unit2
Proposed Gas Balancing lines
P2MP2MEP2ME2P2ME3
Proposed Gas Balancing lines
P2MP2MEP2ME2P2ME3
Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
FEED (internal)VAR 3FIDBid & Award LLIDeliver Line PipeDeliver ValvesDetailed DesignPrefabrication & RMS M mod.Pipeline Construction & Commissioning
Start Up
Gas Balancing2011 2012 20152013 2014
Field Development Plan - Plateau Extension Wells (P2ME3)
Structure on Top Reservoir Description Continuation of existing
Phase IIM,P2ME and P2ME2 drilling programme
Commencing either 2017 – 1 rig 2014 – 2 rigs
Total 12 wells
Phase 2ME (purple)
Phase 2ME2 (brown)
Phase 2ME3 (yellow)
Field Development Plan - Unit 2 Gas Injection Upgrade Project
Description Maximise volume of injected gas
with existing facilities Phase 1
Additional gas/liquid separation equipment for sustained flowrate
Phase 2 Process plant, field injection
facilities and wells
Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
EvaluationVAR 1Pre FEEDVAR 2FEED (internal)VAR 3FIDExecutionProduction
2011 2012 2013 2014
Unit 2 Gas Injection Upgrade Project2015 2016 2017
Unit 2
Additional trunk line
Field Development Plan - KPC Gas Debottlenecking Project
Description Increase overall KPC gas
processing by expanding MP gas handling capacity
MP gas handling system enhanced including new combined MP dehydration and dew-pointing train
Potential additional pipeline from KPC to Unit 3
Q1 Q2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
Train 4 Test RunMobilise Project TeamConcept StudiesVAR 2FEEDTender & Award EPC
VAR 3FIDExecutionStart Up
2011 2012 2016
KPC Gas Debottlenecking Project2014 2015 20172013
2011 PERFORMANCE & ACHIEVEMENTS
SAFETY
LITF & RTIF – KPO in the top 10 best performers of oil & gas producers Road Traffic Incident – reduction of 85% from 2010
ENVIRONMENT
Gas Utilisation Rate - 99.92% (99.87% in 2010) whilst the regulatory target approved within gas utilisation programme is 99.75%.
LATEST PROJECTS TRAIN 4 - State Acceptance on 1 Dec. 2011 UGPP - State Acceptance on 9 Sept. 2011 3rd Storage tank on KPC
LOCAL CONTENT
Some 2,500 Kazakh vendors are currently registered on supplier database.
Since beginning of the FPSA in 1997, total value of contracts assigned to Kazakh companies exceeded $4 billion.
In 2011, KPO awarded contracts worth over $428 million to 341 Kazakh companies for the provision of goods, works and services.
In Q2 2012 the Local Content in Karachaganak project makes up to 56%
LOCAL CONTENT DEVELOPMENT INITIATIVES
• Pilot Project on organizing the manufacturing of high technology products for KPO and other O&G operators’ needs
• Aksai Industrial Park project is under implementation• AIP Project included to the Industrialisation Map, will employ 130 experts
• Spare Parts and Equipment Manufacturing Localisation Project • By WKO Entrepreneurs Association and support of WKO Akimat Technical Expert
Group has been created to perform the project.
• Working Group of KMG, KPO and “Kazakhstan Union of Machinery building companies” was created
• Local Content reporting in compliance with the current legislation requirements• KPO was registered in the MOG reporting system • Integrated Contract Plan for 2011-2014 placed on to KPO web-site and become visible
for all RoK business union
HUMAN RESOURCES
Total KPO Employees – 3681
NATIONAL EMPLOYEES UP TO 93% OF TOTAL KPO POPULATION
KPO NATIONAL STAFF HAS GROWN FROM:1,186 IN THE YEAR 2000 3,410 NOW
EXPATRIATE RESOURCES HAVE BEEN REDUCED BY 55% FROM: 587 IN THE YEAR 2000 271 NOW
Investments (plan 2012)• Annual nationals salary fund – $163 M • Annual training and development budget for nationals – $14.5 M• Annual payments for nationals as a part of collective agreement and
company social responsibility – $6.2 M
KPO NATIONALIZATION PROGRAMME (2009-2018)
Cat Description 31 Jan, 2012 Target 2013 (program) Dec, 20181 Management 69% 60% 70%2 Professional staff and
Supervisors95% 91% 95%
3 Technical staff 100% 100% 100%4 Support and Clerical 100% 100% 100%
Nationalization as of 31 of January 2012 vs Plan
KPO Nationalization trend 1998 - 2037
THANK YOU!