Kashagan project approved

Exxon Mobil Corporation has confirmed that Kazmunaygaz (KMG), the petroleum authority for Kazakhstan, and the Consortium companies of the North Caspian Production Sharing Agreement, ExxonMobil Kazakhstan Inc., Agip Caspian Sea BV, British Gas, Shell Kazakhstan Development BV, Total, ConocoPhillips and Inpex, have announced approval of the development plan for the Kashagan oilfield. Production start-up of the Kashagan field is expected in 2008 with an initial output of 75,000 barrels of oil per day, ramping up to 450,000 barrels of oil per day. Further development phases will raise the full field production to its plateau level currently estimated at 1.2 million barrels of oil per day.

Looking for more projects or tenders? This is just the tip of the iceberg! Subscribe today to our Projects & Tenders newsletter.

Previous articleIran oil deal
Next articleLasting contribution to cathedral
Stainless Steel World is part of The KCI Media Group, a group of companies focused on building and sustaining global communities in the flow control industries. We publish news on a daily basis and connect business-to-business professionals through our online communities, publications, conferences and exhibitions.