• Sign in
  • 1751972643_633.png 1751972643_245.png 1751959824_218.svg 1751959824_520.svg

  • Latest news
  • Top headlines
  • Most read
  • Columnists
O'zbekcha
Ўзбекча
Русский
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • O'zb
  • Ўзб
  • Рус
  • Eng
  • Latest news
  • Top headlines
  • Most read
  • Columnists
    • USD12413.79
    • RUB154.86
    • EUR14468.27
    • Google play
    • App Store
    • Telegram
    • Tashkent
      +24°C
      • Andijan
      • Karshi
      • Bukhara
      • Samarkand
      • Ferghana
      • Sirdarya
      • Jizzakh
      • Termez
      • Namangan
      • Tashkent
      • Navoiy
      • Tashkent reg
      • Nukus
      • Urgench
    • Daryo
      • About Daryo
      • Editorial office
      • Contact us
      • Terms of use
      • Privacy policy
      • News archive
    • Advertisement
    • Social networks
      • Instagram | Main
      • Instagram | Lifestyle
      • Instagram | Sport
      • Facebook | Main
      • OK | Main
      • YouTube | Daryo
      • YouTube | Daryo in Russian
      • YouTube | Daryo Global
    Telegram Youtube Facebook Instagram Twitter vkontakte
    Daryo logo white
    • Uzbekistan
      • Others
      • Navoi
      • Tashkent region
      • Syrdarya
      • Jizzakh
      • Kashkadarya
      • Surkhandarya
      • Khorezm
      • Bukhara
      • Samarkand
      • Namangan
      • Fergana
      • Andijan
      • Karakalpakstan
      • Tashkent City
      • DaryoKindness
      • Weather
    • Central Asia
      • Uzbekistan
      • Afghanistan
      • Kyrgyzstan
      • Kazakhstan
      • Turkmenistan
      • Tajikistan
    • World
    • Money
      • Business
      • Economics
      • Finance
      • Crypto
    • Culture
      • Movies
      • Books
      • Music
      • Celebrities
    • Lifestyle
      • Women only
        • Children
        • Beauty
        • Carrier
        • Advises
        • Fashion
        • Recipes
      • Technology
        • Architecture
        • Gadjets
        • Science
        • Space
        • Media
      • Auto
      • Entertainment
      • Travel
      • Health
      • Education
        • Entrant
        • Learn english
    • Sport
      • Football
      • UFC
      • Boxing
    infinix
    Daryo.uz - Login
    Daryo.uz Daryo.uz
    Daryo.uz - Login
    Kazakhstan

    KazMunayGas to allocate $154 mn for oil field rehabilitation

    KazMunayGas to allocate $154 mn for oil field rehabilitation

    KazMunayGas (KMG), the national oil company of Kazakhstan, announced an investment of $154 mn for the redevelopment of the Uzen and Karamandybas oil fields in the Kazakhstan's Mangystau region. This initiative aims to increase the production capacity of these fields.

    Photo: KazMunayGas 
    Source: Freepik

    Upon completion of the rehabilitation project, the annual output of these fields is expected to rise to 5.2-5.5 mn tons. This year, the company aims to produce an additional 136,000 tons of oil, to extract 19 mn tons between 2023 and 2036.

    In 2023, KMG invested $38.5 mn in this project, followed by an additional $115.5 mn in 2024. The company's focus for 2024 includes the commissioning of new wells, the introduction of centrifugal and screw submersible pumps, and the use of protected pump-compressor pipes.

    According to KMG CEO Magzum Mirzagaliyev, without the rehabilitation project, the Uzen and Karamandybas fields would remain unprofitable due to a 25% decline in output over the past 15 years, outdated infrastructure, increased production costs, and a surplus of workers. The project aims to extend the inter-overhaul period for wells, enhance economic efficiency, and prevent a significant drop in oil output.

    Photo: KazMunayGas to allocate $154 mn for oil field rehabilitation
    Source: Freepik

    As part of the project, KMG commissioned 23 new oil wells in February 2024, following the hydraulic fracturing of the formation and the installation of centrifugal and screw pumps. The company has also upgraded production equipment in over 100 wells.

    Looking ahead, KMG plans to drill 31 additional wells, install over 200 submersible pumps, utilize protected pump-compressor pipes, perform well overhauls, and implement new technologies to increase oil production. Additionally, KMG will upgrade two modular cluster pump stations and a workshop for inspecting and repairing oil production equipment.

     

    Follow Daryo's official Instagram and Twitter pages to keep current on world news.

    17.05.2024, 13:44   Comments (0)   902
    Facebook Twitter LinkedIn Telegram Email
    Sabina Aliyeva

    Comments (0)

    Sign in
    Leave A Reply Cancel

    On this topic

    Kazakhstan-Vietnam trade soars to $979.2mn in 2023 

    17.05.2024, 12:42

    Central Asian economies projected to sustain growth despite challenges 

    16.05.2024, 15:01

    Baltika wins lawsuit against Carlsberg Kazakhstan over brand license

    16.05.2024, 12:30

    German direct investment in Kazakhstan soars by 64% in 2023, reaching $770mn 

    16.05.2024, 11:00

    Kazakhstan achieves $7.7 bn trade turnover with Central Asian countries in 2023 

    16.05.2024, 09:30

    Kazakh citizens' life expectancy hits 75.09 years in 2023, highest in 25 years

    16.05.2024, 08:30
    ×Lightbox Image

    Daryo.uz | Solution to your problems


    Don't want to waste time standing in lines? Pay your utility bills through the Ipoteka Retail mobile app?


    Beeline Uzbekistan started 2025 with a significant network modernization


    Beepul 's rising popularity: 3.5x user growth, transaction up 2.3x in 2024


    More than 500,000 new users: residents of Uzbekistan choose the Hambi superapp

     

    Recommended

    Uzbekistan’s foreign trade turnover up 19.9% y/y in 7M25, totaling $44.4bn

    21 August, 15:33

    Uzbekistan’s president announces fresh business support measures at open dialogue with entrepreneurs

    21 August, 09:05

    “Uzbekistan is a country open to the world and discovering the world for itself,” says President Mirziyoyev

    18 August, 15:48

    Uzbekistan’s bank capital jumps 20% y/y to $9.9bn as assets, loans, and deposits expand

    11 August, 13:12
     
     
     

    Latest news

    Uzbekistan, Turkmenistan, and Azerbaijan strengthen cooperation on corridors, energy, and culture

    Uzbekistan | 22 August, 17:00

    Kyrgyzstan challenges Western sanctions, President Japarov appeals to Trump and Starmer

    Kyrgyzstan | 22 August, 16:39

    Uzbekistan, Turkmenistan trade tops $700mn since January as Mirziyoyev meets Berdimuhamedow

    Uzbekistan | 22 August, 14:10

    Uzbekistan sees 4% inflation in January–July 2025

    Uzbekistan | 22 August, 13:13

    Uzbekistan’s gas output drops 3.4% y/y to 25.3bn cubic meters in 7M25

    Uzbekistan | 22 August, 12:03

    Uzbekistan advances judicial reforms with new proposals approved by President Mirziyoyev

    Uzbekistan | 22 August, 10:30

    Uzbekistan’s gold exports jump 84% in 7M25

    Uzbekistan | 22 August, 09:04

    Uzbekistan sells rights to geological exploration at third Navoi gold mine in week

    Uzbekistan | 21 August, 17:06

    Uzbekistan’s foreign trade turnover up 19.9% y/y in 7M25, totaling $44.4bn

    Uzbekistan | 21 August, 15:33

    Kyrgyz crypto networks hit by UK sanctions over ties to Russia

    Kyrgyzstan | 21 August, 14:31
    Daryo About Us

    Full reproduction or partial quoting of material, as well as the use of photographic, graphic, audio and/or video materials of Daryo (the Uzbek Press and Information Agency (UzAPI, now the Agency for Information and Mass Communications under the Presidential Administration of the Republic of Uzbekistan) is registered on 13.03.2015 with certificate number No. 0944 as a mass media) is allowed if there is a hyperlink to the website daryo.uz and/or are accompanied by a note indicating the authorship of the online publication Daryo. Individual publications may contain information that is not intended for users under the age of 18. Info@daryo.uz

    Telegram Youtube Facebook Instagram Twitter vkontakte

    © Simple Networking Solutions, 2013–2025

    Age restriction

    Did you find a bug? Press Ctrl + Enter

    • Terms of use
    • Privacy policy
    • Advertisement
    What are we going to search for?

    Sign In or Register

    Welcome Back!

    Login below or Register Now.

    Google

    or with email

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Register Now

    Already registered? Login.

    Google

    or with email

    A password will be e-mailed to you.

    Leaving a comment, Пользовательского соглашения and Политики конфиденциальности

    Found an error in the text?

    ×

    Thank you. We have received your message and will fix the error as soon as possible.