Total to Expand Kazakhstan's Dunga Field
July 04 2019 - 5:45AM
Dow Jones News
By Nathan Allen
Total SA (FP.FR) and its partners have approved an expansion of
the onshore Dunga oil field in Kazakhstan, the French oil major
said Thursday.
As part of the phase-three development project Total and its
partners will invest $300 million to increase reserves and boost
the processing plant's production capacity by 10% to 20,000 barrels
a day.
"This new development phase, combined with the Dunga field
license extension, helps unlock 70 million barrels of additional
reserves, which represents a significant development for
Kazakhstan," Total's President of Exploration and Production Arnaud
Breuillac said.
Total is the operator of Dunga with a 60% stake. Oman Oil
Company and Partex hold minority stakes.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
July 04, 2019 05:30 ET (09:30 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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