Minneft and gas of Kazakhstan has not yet approved the concept of the second phase of the Kashagan
31.01.11 17:05
/IRBIS, January 31, 2011/ - The Ministry of Oil and Gas of the Republic of
Kazakhstan has not yet approved the concept of the second phase of the
development of oil and gas field Kashagan, today announced Mr. Sauat
Mynbayev the head of department on board.
"While the authority may not approve the contractor by virtue of its concept is
not effective. We're not going to argue ineffective from an economic point of
view, the phase is not an economical project", - said Mr. S. Mynbayev.
"Now on Kashagan we are at the stage of the so-called experimental-
industrial development, the same terms - 2012-2013 years" - he said.
"Operational management issues are many, but they can be solved in due
course. We hope to get the first oil within a specified earlier date," - noted
the Minister.
Operator of the North Caspian project, which includes and Kashagan, is
currently serving North Caspian Operating Company (NCOC), which
shareholders are Agip Caspian Sea BV (16.81%), KMG Kashagan B.V.
(16.81%), Conocophillips North Caspian Ltd. (8.4%), ExxonMobil
Kazakhstan Inc. (16.81%), Inpex North Caspian Sea Ltd. (7.56%), Shell
Kazakhstan Development B.V. (16.81%) and Total E & P Kazakhstan
(16.81%).
[2011-01-31]