Economic and Operational Assessment of the Arman Field in Kazakhstan |
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| Authors: | Mark J. Kaiser Anar Kubekpayeva |
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| Affiliation: | (1) Center for Energy Studies, Louisiana State University, Energy Coast & Environment Building, Nicholson Extension Drive, Baton Rouge, LA 70803, USA;(2) Kazakhstan Institute of Management, Economics and Strategic Research, Bang College of Business, Almaty, Kazakhstan |
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| Abstract: | The Arman field in western Kazakhstan is estimated to hold recoverable reserves of 3.65 million metric tons of oil and 74 million cubic meters of gas. The field began production in 1994 as a joint venture between Oryx Energy, MangistauMunaiGas, and the State Holding Company Zharkyn, and currently is operated by Royal Dutch Shell in a 50:50 joint venture with Lukoil. The geology, crude composition, and production history of Arman is outlined, followed by a review of the field development, contract structure, and operating and capital expenditures. An assessment of field profitability concludes the discussion. |
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| Keywords: | KeywordHeading" >: Development strategy economic assessment field profitability |
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