1 Table Of Contents
1 Table Of Contents 2
1.1 List of Tables 7
1.2 List of Figures 9
2 Kazakhstan Energy Sector 10
2.1 Kazakhstan Energy Sector, Market Overview 10
2.2 Kazakhstan Energy Sector, Natural Gas 11
2.2.1 Kazakhstan Natural Gas, Overview 11
2.2.2 Kazakhstan Natural Gas, Supply and Demand Balance 11
2.2.3 Kazakhstan Natural Gas, Regulatory Structure 17
2.2.4 Kazakhstan Natural Gas, Infrastructure 17
3 Kazakhstan Gas Upstream Investment Environment Benchmarking 18
3.1 Introduction 18
3.2 The Overall Ranking 18
3.3 Upstream Fiscal Attractiveness 18
3.3.1 Maximum Government Take Index 20
3.3.2 Maximum State Participation 20
3.4 Gas Sector Performance 20
3.4.1 Exploration Activity 22
3.4.2 Gas Production 23
3.4.3 Gas Reserves 23
3.4.4 Gas Consumption 23
3.5 Economic Performance 24
3.5.1 GDP Growth Index 25
3.5.2 FDI Confidence Index 25
3.5.3 Balance of Trade Index 25
3.6 Socio-Political Performance 26
3.6.1 Democracy Index 27
3.6.2 Governance Index 27
4 Kazakhstan Exploration and Production Sector 28
4.1 Kazakhstan Exploration and Production Sector, Country Snapshot 28
4.1.1 Kazakhstan Exploration and Production Sector, Key Data 28
4.1.2 Kazakhstan Exploration and Production Sector, Natural Gas Assets Map 28
4.2 Kazakhstan Exploration and Production Sector, Marketed Natural Gas Production 29
4.2.1 Kazakhstan Exploration and Production Sector, Total Marketed Natural Gas-Historical Production 29
4.2.2 Kazakhstan Exploration and Production Sector, Marketed Natural Gas Production by Type 30
4.2.3 Kazakhstan Exploration and Production Sector, Marketed Natural Gas Production by Assets 31
4.2.4 Kazakhstan Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 32
4.2.5 Kazakhstan Exploration and Production Sector, Market Share based on Marketed Equity Weighted Natural Gas Production 33
4.3 Kazakhstan Exploration and Production Sector, Marketed Natural Gas Forecasts 34
4.3.1 Kazakhstan Exploration and Production Sector, Marketed Natural Gas Forecasted Production 34
4.4 Kazakhstan Exploration And Production Sector, Natural Gas Asset Details 35
4.4.1 Kazakhstan Exploration And Production Sector, Active Natural Gas Asset Details 35
4.4.2 Kazakhstan Exploration And Production Sector, Planned Natural Gas Asset Details 36
4.5 Kazakhstan Exploration And Production Sector, Major Gas Discoveries 36
4.5.1 Kazakhstan Exploration And Production Sector, Number of Gas Discoveries, 2005- 2010 36
4.5.2 Kazakhstan Exploration And Production Sector, Gas Discovery Details 37
4.6 Kazakhstan Exploration And Production Sector, Recent Discoveries 38
4.6.1 Jun 06, 2011: Max Petroleum Discovers Oil At NARS-1 Exploration Well In Kazakhstan 38
4.6.2 May 31, 2011: Condor Petroleum's Shoba-3 Appraisal Well Encounters 48m Hydrocarbon Column 38
4.6.3 May 16, 2011: Max Petroleum Finds Oil At ZMA-ET2 Appraisal Well In Zhana Makat Field, Kazakhstan 38
4.7 Kazakhstan Exploration And Production Sector, Drilling and Production Updates 39
4.7.1 Jun 17, 2011: Condor Petroleum Reaches Total Depth Of 1,150m On KN-3 Well In Kazakhstan 39
4.7.2 Jun 13, 2011: Max Petroleum Commences Drilling On BOR-3 Appraisal Well In Borkyldakty Field, Kazakhstan 39
4.7.3 Jun 07, 2011: Condor Petroleum Begins Drilling Of Kiyaktysay North-3 Well And Initiates Follow-Up 3D Seismic Acquisition Program 39
4.7.4 May 09, 2011: Tethys Petroleum Updates On Operations In Kazakhstan 40
4.7.5 Apr 26, 2011: Max Petroleum Commences Drilling At ZMA-ET2 Appraisal Well In Kazakhstan 40
5 Kazakhstan Pipeline Sector 41
5.1 Kazakhstan Pipeline Sector, Key Data 41
5.2 Kazakhstan Pipeline Sector, An Overview 41
5.3 Kazakhstan Pipeline Sector, Natural Gas Pipeline Companies 41
5.4 Kazakhstan Pipeline Sector, Natural Gas Pipelines 43
6 Kazakhstan Underground Gas Storage Sector 44
6.1 Kazakhstan Underground Gas Storage Sector, Key Data 44
6.2 Kazakhstan Underground Gas Storage Sector, An Overview 44
6.3 Kazakhstan Underground Gas Storage Sector, Capacity-Wise Market Share by Company 44
6.4 Kazakhstan Underground Gas Storage Industry 45
6.4.1 Underground Gas Storage Industry in Kazakhstan, Storage Capacity by Area 45
6.5 Kazakhstan Underground Gas Storage Sector, Storage Capacity 46
7 Profile of JSC Exploration and Production KazMunaiGas 47
7.1 JSC Exploration and Production KazMunaiGas, Key Information 47
7.2 JSC Exploration and Production KazMunaiGas, Company Overview 47
7.3 JSC Exploration and Production KazMunaiGas, Business Description 47
7.3.1 Business Overview 47
7.3.2 Exploration and Production 48
7.4 JSC Exploration and Production KazMunaiGas, SWOT Analysis 49
7.4.1 Overview 49
7.4.2 JSC Exploration and Production KazMunaiGas Strengths 49
7.4.3 JSC Exploration and Production KazMunaiGas Weaknesses 50
7.4.4 JSC Exploration and Production KazMunaiGas Opportunities 51
7.4.5 JSC Exploration and Production KazMunaiGas Threats 52
8 Profile of Chevron Corporation 53
8.1 Chevron Corporation, Key Information 53
8.2 Chevron Corporation, Company Overview 53
8.3 Chevron Corporation, Business Description 53
8.3.1 Business Overview 53
8.3.2 Downstream 54
8.3.3 Others 55
8.3.4 Upstream 56
8.4 Chevron Corporation, SWOT Analysis 57
8.4.1 Overview 57
8.4.2 Chevron Corporation Strengths 58
8.4.3 Chevron Corporation Weaknesses 59
8.4.4 Chevron Corporation Opportunities 60
8.4.5 Chevron Corporation Threats 61
9 Profile of Korea National Oil Corporation 63
9.1 Korea National Oil Corporation, Key Information 63
9.2 Korea National Oil Corporation, Company Overview 63
9.3 Korea National Oil Corporation, Business Description 63
9.3.1 Business Overview 63
9.3.2 Petroleum Stockpiling 64
9.4 Korea National Oil Corporation,SWOT Analysis 65
9.4.1 Overview 65
9.4.2 Korea National Oil Corporation Strengths 66
9.4.3 Korea National Oil Corporation Weaknesses 66
9.4.4 Korea National Oil Corporation Opportunities 67
9.4.5 Korea National Oil Corporation Threats 68
10 Financial Deals Landscape 69
10.1 Detailed Deal Summary 69
10.1.1 Acquisition 69
10.1.2 Debt Offerings 72
10.1.3 Partnerships 73
10.1.4 Asset Transactions 75
11 Recent Developments 80
11.1 License Awards 80
11.1.1 Feb 22, 2011: Roxi Petroleum's Subsidiary Receives Two Year Extension For Galaz Pilot Production 80
11.2 Strategy and Business Expansion 80
11.2.1 May 25, 2011: NC KMG And KMG EP Sign MoU On Possible Participation In Offshore Blocks On Caspian Sea 80
11.3 New Contracts Announcements 81
11.3.1 May 16, 2011: ENGlobal Secures Control Systems Project From CPC 81
11.3.2 Apr 07, 2011: KazMunaiGas Appoints Askar Balzhanov As CEO 81
11.4 Other Significant Developments 82
11.4.1 Jun 28, 2011: KazMunaiGas Announces Unfavorable Decision Of Supreme Court 82
11.4.2 Jun 27, 2011: Roxi Petroleum Provides Operations Update 83
11.4.3 Jun 21, 2011: Caspian Energy Resumes Production In Kazakhstan 83
11.4.4 Jun 16, 2011: KazMunaiGaz Updates On Situation At Uzenmunaigas 84
11.4.5 May 31, 2011: Tethys Petroleum Updates On AKD03 Dione Exploration Well In Kazakhstan 85
11.4.6 May 25, 2011: Condor Petroleum Updates On Initial Flow Test Of Shoba-2 Appraisal Well In Kazakhstan 86
11.4.7 May 23, 2011: Max Petroleum Updates On Activities In Blocks A&E License Area, Republic Of Kazakhstan 87
11.4.8 May 12, 2011: Max Petroleum Provides Kazakhstan Operations Update 88
11.4.9 May 04, 2011: Condor Petroleum Signs Contract To Acquire Additional 3D Seismic In Kazakhstan 88
12 Appendix 89
12.1 Abbreviations 89
12.2 Methodology 89
12.2.1 Coverage 89
12.2.2 Secondary Research 90
12.2.3 Primary Research 90
12.2.4 Expert Panel Validation 90
12.3 Contact Us 91
12.4 Disclaimer 91
1.1 List of Tables
Table 1: Kazakhstan, Historic and Forecast Production and Consumption of Natural Gas, Billion Cubic Feet, 2000-2020
Table 2: Kazakhstan, Historic and Forecast Imports and Exports of Natural Gas, Billion Cubic Feet, 2000-2020
Table 3: Kazakhstan, Historic Reserves of Natural Gas, Billion Cubic Feet, 2000-2010
Table 4: Former Soviet Union, Investment Benchmarking, Overall Country Rankings, Jun 2011
Table 5: Former Soviet Union, Investment Benchmarking, Upstream Fiscal Attractiveness, Jun 2011
Table 6: Former Soviet Union, Investment Benchmarking, Gas Sector Performance, Jun 2011
Table 7: Former Soviet Union, Investment Benchmarking, Economic Performance, Jun 2011
Table 8: Former Soviet Union, Country Standings, Economic Performance, Jun 2011
Table 9: Former Soviet Union, Investment Benchmarking, Socio-Political Performance, Jun 2011
Table 10: Former Soviet Union, Country Standings, Socio-Political Performance, Jun 2011
Table 11: Kazakhstan, Natural Gas Key Statistics, 2010
Table 12: Kazakhstan, Total Marketed Natural Gas Production (MMcf), 2003- 2010
Table 13: Kazakhstan, Marketed Natural Gas Production by Type (MMcf), 2003- 2010
Table 14: Kazakhstan, Marketed Natural Gas Production (MMcf), by Assets, 2003- 2010
Table 15: Kazakhstan, Marketed Equity Weighted Natural Gas Production by Company (MMcf), 2003-2010
Table 16: Kazakhstan, Market Share (%) based on Marketed Equity Weighted Natural Gas Production, 2003-2010
Table 17: Kazakhstan, Marketed Natural Gas Production (MMcf), Forecast by Major Assets, 2011-2015
Table 18: Kazakhstan, Active Gas Field Asset Details
Table 19: Kazakhstan, Planned Gas Field Asset Details
Table 20: Kazakhstan, Number of Gas Discoveries, 2005- 2010
Table 21: Kazakhstan, Gas Discovery Details, 2005-2010
Table 22: Kazakhstan, Pipeline Key Statistics, Jun 2011
Table 23: Kazakhstan, Natural Gas Pipeline Length by Company (Km), Jun 2011
Table 24: Kazakhstan, Natural Gas Pipelines, Jun 2011
Table 25: Kazakhstan, Underground Gas Storage Key Statistics, Jun 2011
Table 26: Kazakhstan, Underground Gas Storage Capacity by Company, Jun 2011
Table 27: Kazakhstan, Underground Working Gas Capacity (MMcf) by Area, Jun 2011
Table 28: Kazakhstan, Underground Gas Storage Capacity, Jun 2011
Table 29: JSC Exploration and Production KazMunaiGas, Key Facts
Table 30: Exploration and Production KazMunaiGas, SWOT Analysis
Table 31: Chevron Corporation, Key Facts
Table 32: Chevron Corporation, SWOT Analysis
Table 33: Korea National Oil Corporation, Key Facts
Table 34: Korea National Oil Corporation, SWOT Analysis
Table 35: KazMunaiGas Acquires 50% Stake In Ural Group
Table 36: MIE Holdings To Acquire 100% Stake In Emir Oil
Table 37: Caspian Energy To Sell 10% Interest In Aral Petroleum
Table 38: KazMunayGas Plans To Issue Domestic Bonds For $663.8 Million
Table 39: Statoil To Form Joint Venture With KazMunayGas
Table 40: CNPC Enters Into Joint Venture Agreement With KazMunayGas
Table 41: Tethys Petroleum Enters Into Joint Venture Agreement With Eurasia Gas
Table 42: SOCAR Plans To Acquire Stake In Kashagan Oil Field
Table 43: ONGC And GAIL (India) Plans To Acquire 8.4% Stake In Kashagan Oil Field
Table 44: ONGC Videsh To Acquire 25% Stake In Satpayev Exploration Block In Kazakhstan
Table 45: KazMunaiGas Exploration To Acquire Four New Licenses In Kazakhstan
Table 46: ConocoPhillips Plans To Sell Its Oil And Gas Properties
1.2 List of Figures
Figure 1: Kazakhstan, Energy Consumption Split By Fuel-Type (%), 2010
Figure 2: Kazakhstan, Historic and Forecast Production and Consumption of Natural Gas, Billion Cubic Feet, 2000-2020
Figure 3: Kazakhstan, Historic and Forecast Imports and Exports of Natural Gas, Billion Cubic Feet, 2000-2020
Figure 4: Kazakhstan, Historic Reserves of Natural Gas, Billion Cubic Feet, 2000-2010
Figure 5: Former Soviet Union, Country Standings, Upstream Fiscal Attractiveness, Jun 2011
Figure 6: Former Soviet Union, Country Standings, Gas Sector Performance, by Reserves-Exploration & Production, Jun 2011
Figure 7: Former Soviet Union, Country Standings, Gas Sector Performance, by Production & Consumption, Jun 2011
Figure 8: Former Soviet Union, Country Standings, Number of Exploration Blocks Awarded, Jun 2011
Figure 9: Former Soviet Union, Country Standings, Economic Performance, Jun 2011
Figure 10: Former Soviet Union, Country Standings, Socio-Political Performance, Jun 2011
Figure 11: Kazakhstan, Natural Gas Fields Map, Jun 2011
Figure 12: Kazakhstan, Total Marketed Natural Gas Production (MMcf), 2003- 2010
Figure 13: Kazakhstan, Marketed Natural Gas Production by Type (MMcf), 2003- 2010
Figure 14: Kazakhstan, Marketed Equity Weighted Natural Gas Production by Company (MMcf), 2003-2010
Figure 15: Kazakhstan, Market Share (%) based on Marketed Equity Weighted Natural Gas Production, 2010
Figure 16: Kazakhstan, Number of Gas Discoveries, 2005- 2010
Figure 17: Kazakhstan, Natural Gas Pipeline Length by Company (Km), Jun 2011
Figure 18: Kazakhstan, Underground Working Gas Capacity (MMcf) by Area (%), Jun 2011