Milestones of Karachaganak Field Development
1979 - Discovery of the Karachaganak field.
1984 - First facility for gas treatment (now Unit 3) completed. Production of gas commenced.
1992 - Kazakhstan Government starts negotiating a Production Sharing Agreement with BG Group and Eni.
1995 - Production Sharing Principles Agreement signed.
1997 - Chevron and LUKOIL join the Venture; a 40 year Final Production Sharing Agreement (FPSA) signed in November.
1998 - FPSA becomes effective.
1999 - Construction work commences.
2000 - Main Works Contract awarded and KPO Senior Management Team moves to Aksai.
2001 - 28 kilometre rail link from Aksai to the Karachaganak field is completed; President of the Republic of Kazakhstan Nursultan Nazarbayev opens a new power station at the Karachaganak Processing Complex (KPC).
2002 - 635 kilometre export pipeline linking to the Caspian Pipeline Consortium (CPC) line completed.
2003 - The President of Kazakhstan inaugurates ‘First Oil’ of Phase II.
2004 - First shipment of crude oil from Novorossiysk sea terminal via Caspian Pipeline Consortium.
2005 - Fourth power generator brought on stream at the KPC.
2006 - 100th million barrel of crude oil lifted from the CPC terminal; first oil delivery via the Samara Pipeline.
2007 - Gas Sales Agreement signed between KPO and KazRosGas.
2009 - Production record of 139.5 Million barrels of oil equivalent achieved.
2011 - Start-up of the Fourth Stabilization Train at KPC.
2012 - KazMunaiGas officially enters the Karachaganak Joint Venture.