Eni has been present in Kazakhstan since 1992 carrying out activities in the Exploration & Production sector. We are a co-operator of the Karachaganak producing field and is a part of the North Caspian Sea PSA (NCSPSA) consortium. In 2018 we became joint operator in the exploration block Isatay with KMG . In July 2019, KMG, Ministry of Energy of the Republic of Kazakhstan and Eni signed a contract for the exploration and production of hydrocarbons at Abay Block, which makes IOC the first joint venture holding two licenses in Kazakhstan.
In 2021, the development activities of the Kashagan field (Eni’s interest 16.81%) concerned the phased expansion program of production capacity. The first development phase envisages increasing the production Management report | Consolidated financial statements | Annex 67 capacity up to 450 kbbl/d by upgrading the existing associated gas compression handling. The ongoing activities, sanctioned in 2020, mainly concerned increasing gas reinjection capacity by means of upgrading the existing facilities and delivering a part of gas volumes to a new onshore treatment unit operated by a third party, currently under construction. Within the gas treatment expansion projects of the Karachaganak field, activities concerned:
the Karachaganak Debottlenecking project was completed. The construction of a fourth gas reinjection unit is currently being finalized
the Karachaganak Expansion Project (KEP) to increase gas re-injection capacity progressed. The project is scheduled to be achieved in several phases. The development program of the first phase, sanctioned at the end of 2020, provides the construction of a sixth injection line, the drilling of three additional injection wells and of a new gas compression unit. Start-up is expected in 2024. The project includes an additional phase with the installation of a new treatment and compression units.