Over 2 million tons of oil and more than 1 billion cubic meters of gas have been produced at Kazakhstan´s Kashagan field, Kazakh national oil and gas company KazMunaiGas, which is one of the shareholders of the project, said in a message.
According to the company, two gas re-injection compressors will be launched at the field in 2017 in order to increase the level of oil production to 370,000 barrels per day.
Kashagan, located in the north of the Kazakh sector of the Caspian Sea, is one of the biggest oil fields discovered during the last 40 years. Its recoverable oil reserves are estimated at 9-13 billion barrels.
Oil production at Kashagan was launched in autumn 2016 and Kazakhstan plans to produce 8.9 million tons of oil and 5.6 billion cubic meters of gas from this field in 2017. It is planned to increase production to 13 million tons of oil and 9 billion cubic meters of gas per year in subsequent years.