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Kashagan Oilfield To Reach Original Production Estimate By 2015

LONDON SOUTH EAST: Thursday, 13th Feb 2014

Costs at the Kashagan site have spiralled in recent years and it has taken 13 years since the beginning of development to reach this point. Once oil starts to flow at the site, Shell, which owns 16.81% of the Kashagan development, is expected to take over management of production operations, along with Kazakhstani state company KazMunaiGas JSC. Shell also will take on planning, development and construction of phase 2 of the project’s offshore facilities, which is designed to bring it up to full production.

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