Atyrau, August 18 00:22
Morningdull+28, day: +31
Official exchange rates: $ 360.87  € 410.27  P 5.40

Kashagan gives first barrels

September 11 2013, 15:16

Laura Suleimenova

Today, September 11, North Caspian Operating Company (NCOC) has declared the start of production at Kashagan field in the Caspian Sea.

According to the consortium's press release, the first well at the offshore field has been unplugged giving first barrels of crude oil. 

"On June 30, Kazakhstan's president Nursultan Nazarbayev paid visit to the Kashagan project facilities on the occasion of commissioning of structures needed for the first stage of production. The day marked the beginning of the final preparations before facilities' startup. The field of Kashagan is the largest oil deposit in the Caspian Sea with geologic reserves of nearly 35 billion barrels. The next development projects will lead to significant increase of output and raise Kashagan to the level of the most critical suppliers in the global energy resources market," reads the official statement.

To recall, NCOC is acting on behalf of seven stakeholders in the consortium as an assigned operator that executes evaluation and development of hydrocarbon fields under NCPSA - North Caspian Sea Production Share Agreement dated November 18, 1997 (with changes and additions).

Fields situated within the NCSPSA contract area that covers 5,600 square kilometers, include a giant field Kashagan located in some 80km SE of Atyrau, as well as Kalamkas Offshore, SW Kashagan, Aktoty and Kairan.


Нашли ошибку? Выделите её мышью и нажмите Ctrl + Enter.

6965 viewsMain page Поделиться:

Подпишитесь и узнавайте о новостях первыми

Similar news

Rushing at Kashagan barged into the Law  2814 views

NCOC plans to produce 450,000 barrels of oil at Kashagan  2653 views

Everything was written off and still remained indebted to all  2851 views

Kashagan economically viable with prices for oil at $100 per barrel  2108 views

Saipem awarded $1.8bn pipeline contract for Kashagan field offshore Kazakhstan  2565 views

Main page