Giant Kashagan oilfield resumes output after power disruption

By Nariman Gizitdinov and Julian Lee on 1/19/2018

ALMATY and LONDON (Bloomberg) -- Kazakhstan’s giant Kashagan oilfield is resuming production after power disruptions cut output this week.

Supply from the field is expected to regain planned levels in the next two days, Kazakhstan’s Energy Ministry said by email. Output was cut on Jan. 15 by a power failure at the project’s onshore facilities, followed by a halt to an offshore power plant two days later, the ministry said.

Production from Kashagan helped drive the country’s crude exports higher last year, the International Energy Agency said in a report Friday. The agency said it expects supply to climb toward the project’s 370,000-bpd capacity this year from the 250,000 bbl at the end of 2017. The ramp-up at the field has also been responsible for Kazakhstan being the biggest over-producer in the deal with the Organization of Petroleum Exporting Countries to restrict supply.

Kazakhstan’s total production dropped by almost 300,000 bpd as of Jan. 18 compared with the previous week, the energy ministry’s data show. Output was little changed at about 1.64 MMbpd as of Friday, according to the data.

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