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Kazakhstan looks to offset Kashagan oil field failure

Mon, 14th Apr 2014 08:52

ASTANA, April 14 (Reuters) - Kazakhstan wants to offset thepossible failure of the Kashagan oil project to produce thisyear by increasing output at other projects by at least 1.5million tonnes (30,000 barrels per day), the Kazakh economyminister said on Monday.

Production at the offshore deposit, the world's biggest oilfind in 35 years, started in September but was halted in earlyOctober after the detection of gas leaks in the $50 billionproject's pipeline network.

"Additional work and negotiations with users of largesubsoil reserves will be held about the possible increase ofoutput and exports from other fields by at least 1.5 milliontonnes," Kazakh Economy and Budget Planning Minister YerbolatDosayev said. (Reporting by Raushan Nurshayeva; writing by VladimirSoldatkin, editing by Jason Bsuh)

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