Giant Kashagan oil field ramps up after accident


Kazakhstan's giant Kashagan oilfield is pumping 61K bbl/day after resuming production halted by an accident last month, according to the head of Kazakh state oil and gas firm KazMunaiGas.

An international consortium developing the huge reservoir estimated to contain 9B-13B recoverable barrels of oil has to achieve what is called "commercial output" of 75K bl/day this month to meet contractual obligations.

KazMunaiGas, ExxonMobil (XOM), Royal Dutch Shell (RDS.A, RDS.B), Eni (E) and Total (TOT) each hold 16.81% stakes in Kashagan, China National Petroleum (PTR) acquired 8.33% this year, and Japan's Inpex owns 7.56%.

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