According to Anderson, “Overall oil and gas investment in Kazakhstan could be worth US$150 billion by 2015 [with] much of this capital expected to come from Russian and Western investors.”
“The best oil discovery in the world in the past 30 years was made in Kazakhstan, and the industry believes that there is still more to be found; with the right investment and infrastructure, the output in production will only grow exponentially in the future,” said Anderson.
The Kashagan oil field is projected to have ultimate production of around 13 million bbl. Full field development needed to achieve such a target could cost as much as US$29-US$30 billion over 15 years.
