Eni CEO Doesn’t See Kashagan Output Stoppage Running into 2015
December 6, 2013
A prolonged halt at the Kashagan oil field, which has been plagued by years of delays and cost overruns, could be a drag on the finances of the consortium behind the project, which includes Exxon Mobil Corp, France’s Total SA, Eni and Royal Dutch Shell PLC).
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A consortium including Exxon Mobil, Royal Dutch Shell, Total and ENI once promised to transform the prospects of the entire country of Kazakhstan and earn massive profits for their own shareholders. But those dreams have shrivelled amid cost overruns, delays, government interference and internal disputes among partners.
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Posted in: Exxon Mobil, Oil, Royal Dutch Shell Plc, Total.
Tagged: ExxonMobil · Kashagan · Oil · Royal Dutch Shell Plc · Total