The revised gas price after marketing and distribution costs will be $65 ($72 including VAT) per 1,000m3.
Tethys said the previous price was $32 including VAT for oil from the Kyzyloi and Akkulka Fields.
Current total production of the fields is 430,000m3 per day, which includes 15.2 million cubic ft or 2,530 barrels of oil equivalent.
Tethys intends to increase the production further through the tie-in of already drilled wells and target shallow gas prospective resources.
The company’s net proved and probable gas reserves from the fields include 2.1 billion cubic metres (bcm) or 73.8 billion cubic ft (bcf), while net mean unrisked prospective gas resources include 18 bcm and 634 bcf.
The new Kazakhstan-China gas trunkline, which is currently under construction will pass through Tethys’ contract areas and will add further benefit to the existing pipeline, upon completion.
