Aral Petroleum Capital, LLP has restarted oil production in Kazakhstan as of Sept. 19, according to an announcement from Caspian Energy Inc., which owns 40 percent interest in Aral and has control of its operations.
Oil production began from well #301 in the East Zhagabulak field at a rate of 101 barrels per day, according to the source. Three wells, #301, #306 and #315 all performed well the following three days and had a total output of 2,766 barrels of oil.
The three wells may be able to produce approximately 1,300 barrels of oil per day for the next month, according to Caspian Chairman Michael Nobbs, but it isn't guaranteed. The current productivity of the wells may be due to the high incidence of gas from the long period of disuse. Wells in the East Zhagabulak field were shut down January 2013 because of technical and regulatory issues.
Aral currently has a 25-year production contract for the East Zhagabulak field and an exploration contract for a larger amount of property, approximately 566 square miles, in the North Block region.
Kazakhstan has been producing oil since 1911 and among the former Soviet republics, it has the second largest oil reserves behind Russia, according to the U.S. Energy Information Administration. The majority of the country's oil production comes from the Tengiz and Karachaganak fields. They accounted for 40 percent of the country's total liquids output in 2013.