Production from part of Kashagan oil field in the Kazakh waters of the Caspian Sea should reach capacity by the end of the year, an operating company said. According to the economists at the Organization of Petroleum Exporting Countries, Kazakhstan was producing around 1.38 million barrels of oil per day last year with the main share of growth coming from Kashagan. The North Caspian Operating Co., a joint venture operating the giant oil field in the Kazakh waters of the Caspian Sea, confirmed to UPI that production from Kashagan was holding steady at 160,000 bpd and production would accelerate to 180,000 bpd in the coming months. Once secondary production methods are optimized to increase pressure in the reservoir, […]