NCOC: Kashagan Oil Field Phase 1 To Be 72% Complete By End 09
September 24 2009 - 7:09AM
Dow Jones News
The first phase of the giant Kashagan oil field development in
the Caspian Sea will be 72% complete by the end of this year, the
field's operator said Thursday.
Pierre Offant, the managing director of the North Caspian
Operating Company also told an energy conference in the Kazakh
capital Astana that the second phase of the field's development is
currently in the feasibility stage.
He maintained that first oil from Kashagan will be produced in
2012, and targeted initial production is 450,00 barrels of oil a
day.
-By Kadyr Toktogulov, Dow Jones Newswires; +7 701 726 4327,
kadyr.toktogulov@dowjones.com