First Oil At Dunga Phase II Sets Path To 30,000 bpd In Kazakhstan
The first Dunga Phase II well is now on-stream with another two wells to be added to the flow line this week, ensuring early, if modest, cash flow.
Dunga Phase II, a $1B project, is the first of Maersk Oil’s major projects, presented at A.P. Moller - Maersk’s Capital Markets Day, to deliver first oil. It is expected that the major development projects, combined with current production, will increase Maersk Oil’s entitlement production by 50% to 400,000 barrels per day (bpd) by 2020.
In the coming three years, four drilling rigs at Dunga will complete a new well every three weeks. When all 198 wells are drilled by 2015, production is expected to be 30,000 bpd and add around 15,000 bpd to Maersk Oil’s entitlement production.
“We made a commitment to deliver first oil in December this year and we have done just that. Our young and rapidly expanding organisation has met numerous administrative and technical challenges, so what we have achieved in recent months is quite remarkable,” said Morten Kelstrup, managing director of Maersk Oil Kazakhstan.
“The Dunga field has a lot of potential. This is just the first step in a long journey with an even higher activity level in 2013 and until expected project completion in 2015,” Kelstrup said.
“We are already looking at a Phase III for Dunga and we expect to drill other appraisal and exploration wells in the area. We see significant growth opportunities in Kazakhstan so we have some very exciting years in front of us,” said Kelstrup.
The Dunga field is currently producing 7,000 bpd. Maersk Oil is operator of the field with a 60% share, with partners Partex Corporation (20%) and Oman Oil Company Limited (20%).
About Maersk Oil
Maersk Oil is an international oil and gas company with operated production of about 625,000 barrels of oil equivalent per day from Denmark, UK, Qatar, Kazakhstan, Algeria and Brazil. Exploration activities are ongoing in Angola, Norway, the US Gulf of Mexico, Kurdistan, Greenland and in the producing countries. Maersk Oil focuses on pioneering technologies and harnessing talent to continue to operate safely and successfully, creating value for partners and host governments. Maersk Oil and its subsidiary companies are part of the Danish A.P. Moller – Maersk Group. For more information, visit www.maerskoil.com.
SOURCE: Maersk Oil