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Thursday, 06 July 2006
KASHAGAN FIELD FULL-SCALE PRODUCTION DELAYS POSSIBLE
By empty (7/6/2006 issue of the CACI Analyst)
The Kashagan oil field in Kazakhstan might not start full-scale production until 2009 or 2010, Interfax said, citing Kazakh Energy Minister Baktykozha Izmukhambetov. Extra work may be needed to ensure the project operates safely, Izmukhambetov told Interfax in Astana, the Kazakh capital. Kashagan was initially scheduled to start work in 2008, the news agency said.
The Kashagan oil field in Kazakhstan might not start full-scale production until 2009 or 2010, Interfax said, citing Kazakh Energy Minister Baktykozha Izmukhambetov. Extra work may be needed to ensure the project operates safely, Izmukhambetov told Interfax in Astana, the Kazakh capital. Kashagan was initially scheduled to start work in 2008, the news agency said. Eni is leading a group of companies that are developing Kashagan, one of the world\'s five biggest oil fields. Rome-based Eni is in charge of developing the field with a 19 percent share. Its partners include ExxonMobil, Royal Dutch Shell, Total and the Kazakh government. (Bloomberg)