By Nariman Gizitdinov – May 24, 2012 11:02 AM GMT+0100 Eni SpA (ENI), Exxon Mobil Corp. (XOM) and Royal Dutch Shell Plc (RDSA) agreed to shoulder the investment costs owed by Kazakhstan’s state energy producer for one of the world’s biggest oil fields this year and next. The international partners, which also include Total SA [...]
Posts Tagged ‘Kashagan’
Kazakhs Consider Bid to Boost Kashagan Oil Cost to $46 Billion
By Nariman Gizitdinov – Jan 11, 2012 6:00 PM GMT The Kazakh government is considering a request from Exxon Mobil Corp., Royal Dutch Shell Plc (RDSA) and other partners to raise the budget for the first phase of the Kashagan oil project by 20 percent to $46 billion, according to a person with knowledge of [...]
Biggest Oil Find in Decades Becomes $39 Billion Cautionary Tale
After 11 years and $39 billion of investment, Exxon Mobil Corp., Royal Dutch Shell Plc (RDSA) and their partners have yet to sell a drop of oil from what was touted as the worlds biggest discovery in four decades.
Kashagan Expansion May Finish Earlier, KazMunaiGaz CEO Says
October 26, 2011, 7:24 PM EDT By Nariman Gizitdinov and Hellmuth Tromm Oct. 27 (Bloomberg) — Royal Dutch Shell Plc and other partners in the Kashagan venture may complete expansion as early as 2017, allowing Kazakhstan to reach its goal of becoming one of the worlds biggest oil exporters faster. If the partners will choose [...]
Shell’s giant Kazakhstan oil project in crisis
Royal Dutch Shell and its partners are to ask the Kazakh government for an extension to the 2013 deadline for the first oil from their troubled Kashagan field. By Richard Orange, Almaty, Kazakhstan 5:40AM BST 01 Jul 2011 Kazakh oil minister Sauat Mynbayev has repeatedly threatened the consortium of oil companies with heavy financial penalties [...]
Shell shuts Caspian office, $50bn Kashagan project on ice
Royal Dutch Shell will shut its Caspian office for the giant Kashagan oil field at the end of this month, effectively putting the crucial £30bn ($50bn) project on ice for at least two years. Staff at Shell Development Kashagan in Atyrau have been laid off or relocated and the office closes on May 30. Photo: ALAMY [...]
Shell slashes $18bn from Kashagan costs
DAILY TELEGRAPH: Royal Dutch Shell has radically simplified the design of the Kashagan oil development, slashing $18bn (£11.5bn) from the cost of the second phase of development as it strives to make the project economically viable. By Richard Orange in Almaty Published: 11:38AM BST 25 Oct 2010 The milestone report from Shell’s Kashagan Cost Reduction [...]
Kazakh oil telling for industry’s future
Campbell Keir, director of Royal Dutch Shell in Kazakhstan, says the offshore Kashagan field is one of the most technically challenging fields in the industry, which may be the future of the energy sector.
French group’s executive appointed to get Kashagan oil flowing by 2012
A recent settlement decided that Total will provide the first managing director of the newly established North Caspian Operating Company. The decision ended more than a year of dispute between the project’s international oil company partners – most notably ExxonMobil of the US, and Total, Royal Dutch Shell and Eni of Europe – and the Kazakh government.
Western Oil Companies Resolve Kazakh Dispute
The project also has more partners than most ventures of its kind: besides ENI, there is Royal Dutch Shell PLC, Exxon Mobil Corp.,Total SA, ConocoPhillips, Inpex Holdings Inc. of Japan and KazMunaiGas. Strained relations between the partners have added to the project’s complexity.
The Times: Natural Resources: Monday September 22, 2008
Royal Dutch Shell Kazakhstan said that KazMunaiGas, the state oil company, would create a joint venture with Royal Dutch Shell, the Anglo-Dutch oil and gas group, to handle the production segment of the Kashagan oilfield.
Shell poised to sign deal with Kazakhstan on oil joint venture
Royal Dutch Shell was on the verge of sealing a deal with Kazakhstan yesterday that could lead to taking joint control of one of the world’s biggest oilfields.
Kazakhstan to tie up with Shell for Kashagan oil
ALMATY, Sept 19 (Reuters) – Kazakhstan said on Friday state oil company KazMunaiGas would create a joint venture with Royal Dutch Shell Plc to handle the production segment of the Kashagan oilfield.
Inpex Says Kashagan Oil Field Delayed by Two Years to 2013
Eni, Kashagan’s operator, and its partners including Exxon Mobil Corp., Royal Dutch Shell Plc and Total SA signed a memorandum with the government on June 28 delaying production at the project for the fourth time until Oct. 1, 2013, according to a statement on the government’s Web site.
Shell to Take 33% Stake in Turkish Oil Pipeline, MEES Reports
Shell would use the link to transport crude from the Kashagan field in Kazakhstan, the Cyprus-based weekly newsletter said, without saying where it got the information. Shell and Eni are major shareholders in the Kashagan development, due to come on stream in 2012 or 2013, according to MEE


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