Kazakh Oilfield Cuts Production After Russian Gas Plant Drone Attack

Core Insights - Kazakhstan's Karachaganak oil and gas condensate field has reduced production due to an incident at a Russian gas processing plant, which was affected by a Ukrainian drone attack [1][2][3] - The Karachaganak Venture, operated by Eni and Shell, has seen its output drop below 200,000 barrels per day of oil equivalent, impacting over 250,000 barrels per day of potential output [2][3][4] Group 1: Production Impact - The Karachaganak field's production is directly linked to the processing capabilities at Russia's Orenburg complex, which has halted operations due to the drone attack [2][3] - The Kazakh Energy Ministry has stated that despite the incident, gas supply to Kazakhstan remains uninterrupted, contradicting local media reports [4][5] Group 2: Stakeholder Interests - The Karachaganak Venture is a joint operation with Eni and Shell each holding a 29.25% stake, while Chevron and Lukoil hold 18% and 13.5% respectively, and KazMunayGas has a 10% stake [2]