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Caspian Oil and Central Asian Energy: Something for Everyone

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Caspian Oil and Central Asian Energy: Something for Everyone. Stuart Schaag ... KZ contains Central Asia's largest recoverable coal reserves - 34.5 billion ... – PowerPoint PPT presentation

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Title: Caspian Oil and Central Asian Energy: Something for Everyone


1
Caspian Oil and Central Asian Energy Something
for Everyone
  • Stuart Schaag
  • Senior Commercial Officer
  • Almaty, Kazakhstan

2
What Is Happening This Very Second
  • The world just consumed 40,000 gallons of oil.
  • 28.8 million gallons before I end my talk
    (686,000 bbl)

3
Caspian Oil Gas in Brief
  • Proven oil reserves of 17-44 billion bbl
    (possibly 4x greater).
  • 2.9 - 3.8 million bbl/d production by 2010.
  • Natural gas reserves of 232 trillion ft3
    (possibly 2x greater).
  • 8.6 Tcf production by 2010.
  • Caspian region can provide up to 10 of global
    oil supply growth.

4
Kazakhstan
  • 2 of world oil
  • Proven reserves 16 billion bbl (est. 40 billion
    bbl)
  • 1.3 of world gas
  • Greatest potential in the Caspian basin 80 of
    proven oil reserves

5
Tengizchevroil (TCO)
  • Partners
  • Chevron, ExxonMobil, KazMunaiGas, LukArco.
  • 6-9 billion bbl of oil.
  • Production - 125 million bbl/y could double by
    2010.
  • Second generation production sour gas injection
    projects coming to closure.
  • Future Growth Concepts is next.

6
Karachaganak Petroleum (?PO)
  • Partners
  • Agip-ENI, British Gas, Chevron, Lukoil.
  • 8-9 billion barrels of oil.
  • 47 Tcf gas largest gas field in KZ.
  • Production - 73 million bbl/y could triple by
    2012-2014.
  • 20 of KZs current production.

7
Kashagan (Agip KCO)
  • Partners
  • Agip-ENI, ConocoPhillips, ExxonMobil, Inpex
    Total, KazMunayGaz Shell.
  • Largest field outside Middle East 5th largest in
    the world.
  • 7-9 billion bbl in reserves (with 9-13 billion
    bbl in secondary reserves).
  • First oil 2009? 51-95 million bbl/y.
  • Total development costs for the offshore deposit
    are approximately 29 billion over life of the
    PSA.

8
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9
Azerbaijan
  • Est. Oil reserves 7-13 billion bbl
  • 30-48 Tcf of gas (now fueling electric power)
  • Mostly offshore fields

10
Azeri, Chirag, Deepwater Guneshli (ACG)
  • Partners
  • Amerada Hess, BP, Devon energy, ExxonMobil,
    Itochu, Lukoil, SOCAR, Statoil, TPAO, Unocal.
  • 5.4 - 6.9 billion bbl of oil.
  • Projected investment of 13 billion.
  • 800,000 bbl/d by 2007 and around one million
    bbl/d by 2010.

11
Shah Deniz
  • Partners
  • BP, Statoil, SOCAR, LukAgip, NICO, TotalFinaElf,
    TPAO.
  • One of the largest gas field discoveries in the
    last 20 years 15-30 Tcf.
  • 2.5 billion bbl of oil.
  • 4 billion development cost.
  • Just now developing infrastructure for the export
    of natural gas.

12
Other Players
  • Turkmenistan
  • 71 Tcf proven reserves
  • 2 oil projects with 700 million bbl oil
  • Uzbekistan
  • 66 Tcf proven reserves 2nd largest CIS producer
    after Russia
  • Minimal oil reserves
  • Together represent 60 of Caspians proven gas
    reserves

13
Demand for Products
  • Engineering, procurement, construction
  • Repair and maintenance facilities
  • Multi-phase pumps and compressors
  • Pipe fittings
  • Structural steel/special alloys
  • Large vessels
  • Waste management environmental tech.
  • Power generation
  • Freight forwarding and supply chain management

14
Elements of Success
  • It is imperative that Western firms develop JV
    relationships to
  • Transfer Western technologies.
  • Recruit and train local workforce.
  • Transfer skills to local mgt teams that will
    enable the domestic industry to expand.
  • Establish manufacturing entities in country.
  • It is NOT enough to establish a representative
    office in the region!

15
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16
Coal
  • KZ contains Central Asia's largest recoverable
    coal reserves - 34.5 billion short tons exports
    to Russia Ukraine.
  • Fuels 80 of KZs power generation and provides
    energy exports to Russia.
  • Access Industries Inc. (US) accounts for 35 of
    coal output.
  • AES (US) is largest power generator.

17
Power Generation
18
Electric Power - Kazakhstan
  • 80 coal, 12 natural gas/fuel oil.
  • Generation in the north with exports to Russia.
  • Deteriorating infrastructure 15 loss during
    transmission.
  • 3 billion needed for 1,500 MW of new power and
    to repair existing facilities.
  • 347 million N S transmission project.
  • Possible plans to export to South Asia.

19
Electric Power - Azerbaijan
  • 80 thermal, 20 hydro.
  • Imports 10 of consumption.
  • Little private sector funding due to low tariff
    levels payment collections.
  • EBRD and WB supporting 122 million in generation
    and transmission projects.

20
Other Opportunities
  • Nuclear Kazakhstan has 20 of world supply.
    Possible 1,500 MW plant in SE.
  • Hydro Tajikistan and Kyrgyz Rep. (seasonal).
  • Wind KZ is conducting pilot projects.

21
Final Thoughts
  • CAR has abundant energy resources is located
    near rapidly expanding markets.
  • Pipelines and creation of regional power
    transmission can feed European, Chinese and S.
    Asian markets.
  • Will require sector reform throughout region and
    improved cooperation between CAR.
  • Key opportunities for firms in loss reduction and
    rehabilitating generation capacity.

22
Special Thanks To…
  • Tenghiz Chevron Oil
  • NASA - www.visibleearth.nasa.gov/
  • Energy Information Administration

23
Contact Information
  • The U.S. Commercial Service
  • U.S. Embassy Branch Office
  • 97 Zholdasbekov St, 15th floor
  • Almaty, 480099, Kazakhstan
  • Tel (7-327) 250-4850 Fax (7-327) 250-4987
  • almaty.office.box_at_mail.doc.gov
  • www.buyUSA.gov/kazakhstan
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