Market brief : The offshore oilfield equipment and services market in Kazakhstan

A review of the offshore oilfield equipment and services market in Kazakhstan was presented. The Kashagan offshore oilfield is among the world's largest finds in 30 years, with recoverable reserves estimated at 16 billion barrels of oil. Investment in the field is projected to be valued at $67.6 billion over the next decade. The field represents one of the more technically difficult places to drill due to its complex reservoir, shallow water depth, a sensitive ecology, and harsh climate. This market brief describes the potential for Canadian suppliers to enter into joint ventures to establish local production facilities and transfer technology expertise. It describes the key factors shaping market growth with particular reference to opportunities with actual and planned projects. Opportunities exist for services and equipment that have proven to be effective in harsh climates and in ecologically sensitive environments. Areas of particular opportunity include environmental impact assessment, ice imagery and management, offshore safety training and primary pipeline construction. The competitive environment was also discussed with reference to local capabilities, international competition, the Canadian position, and a competitive advantage through Canadian government policies and initiatives. Considerations for market-entry into Kazakhstan were also outlined. 35 refs., 1 tab