Giant Kashagan oilfield resumes output after power disruption
Supply from the field is expected to regain planned levels in the next two days, Kazakhstan鈥檚 Energy Ministry said by email. Output was cut on Jan. 15 by a power failure at the project鈥檚 onshore facilities, followed by a halt to an offshore power plant two days later, the ministry said.
Production from Kashagan helped drive the country鈥檚 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鈥檚 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鈥檚 total production dropped by almost 300,000 bpd as of Jan. 18 compared with the previous week,聽the energy ministry鈥檚 data show.聽Output was little changed at about 1.64 MMbpd as of Friday, according to the data.