Kazakhstan: Russians Began Development Operations at Large Oil and Gas Fields

Kalamkas-Khazar Operating LLP, partly owned by Russia's Lukoil, has begun front-end engineering design (FEED) for the development of the Kalamkas-Sea and Khazar oil and gas fields in Kazakhstan's Caspian Sea sector, Orda.kz reports.

Oil and gas industry analyst Oleg Chervinsky wrote that the company had begun basic design work in September, citing the project manager, Deputy General Director of Kalamkas-Khazar Operating LLP Andrey Romanov.

The final investment decision is planned for the fourth quarter of 2025. In 2026, work will begin on the construction of offshore platforms at the fields. In 2027-2028, there are plans to deepen the seabed in the saddle area.

The contract for developing the fields is for a period up to 2067. The Kalamkas-more and Khazar sites are expected to produce four million tons of oil per year. The project will cost six billion dollars to implement, and it will create two thousand jobs at the development stage and another 300 during operation.

We reported back in April that the Russian Lukoil had acquired half of Kalamkas-Khazar Operating LLP for $200 million. The Russian investor manages the company together with KazMunayGas. In early June, Kazakhstan's Ministry of Energy reported that the joint venture had begun developing an oil and gas project to develop new fields.

Original Author: Nikita Drobny