JOURNAL ARTICLE

Kazakhstan Holds Talks With Exxon About Kashagan Oil Field Expansion.

  • Published In: Bloomberg.com, 2025. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Gizitdinov, Nariman 3 of 3

Abstract

The article focuses on Kazakhstan's discussions with Exxon Mobil Corp. regarding the development of the undeveloped sections of the Kashagan oil field. These talks aim to explore potential expansions to increase oil production, which currently stands at about 450,000 barrels a day, with plans to reach 500,000 barrels by 2026 and 700,000 barrels by 2031. The negotiations are also linked to the extension of the license for the Tengiz field, where Kazakhstan seeks to increase its stake. The Kashagan field, discovered in 2000, has significant oil reserves but faces challenges due to high reservoir pressure and environmental conditions. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2025/10, pN.PAG
  • Document Type:Article
  • Subject Area:Science
  • Publication Date:2025
  • Accession Number:189013338
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