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Hungary’s Oil and Gas PL...

OIL AND GAS

Hungary’s Oil and Gas PLC has completed all arrangements for gas extraction at Kazakhstan’s Rozhkovsky Field

Hungary’s Oil and Gas PLC
The Silicon Review
26 December, 2023

The gas field was found in 2008, and on December 19, 2023, gas production began after a lengthy delineation

As a partner of the global joint venture Ural Oil and Gas LLP, MOL (Hungarian Oil and Gas PLC) is starting to produce gas from the U-21 well in the Rozhkovsky field in Kazakhstan. The successful start of production is the outcome of solid collaboration between Chinese, Kazakh, and Hungarian partners. Ural Oil and Gas LLC, a joint venture between Kazakhstan's KazMunayGas (50 percent), Hungary's MOL Group (27.5 percent), and China's FIOC (22.5 percent), is in charge of overseeing the gas and condensate project at the Rozhkovsky field. The gas field was found in 2008, and on December 19, 2023, gas production began after a lengthy delineation and planning phase. The field is 60 kilometers northeast of Uralsk in the West Kazakhstan area.

According to the Kazakhstan State Mineral Resources Balance, the recoverable gas and condensate from the reservoir that is now being targeted is equal to 158.8 million barrels, of which 101.5 million barrels are gas and 57.3 million barrels are condensate. Five of the nine wells that were successfully brought to production in 2021 were drilled during the exploratory phase. In April 2022, a contract for the design, procurement, and building of the whole surface infrastructure was signed. In the third quarter of 2024, four more wells are expected to begin producing, which could bring the field's daily production to 1.5 million cubic meters.