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.
Kashagan
French group’s executive appointed to get Kashagan oil flowing by 2012
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
Shell soon to join Samsun-Ceyhan pipeline: sources
ISTANBUL (Reuters) - Royal Dutch Shell Plc is near signing a deal with Turkish Calik Energy and Italian Eni to join work on a oil pipeline between the Black and Mediterranean seas, sources close to the deal said on Monday.
Intriguing £3 million gift/bonus for Prince Andrew
Kazakh wealth comes from reserves of oil, gas and minerals. Britain is the third-largest foreign investor, with British Gas, Shell and BP among members of a Caspian Sea consortium exploring the Kashagan field, thought to contain 1.5 times the reserves of the North Sea.
Further delays likely at Kazakh oil field
The project's consortium, which includes Royal Dutch Shell, Eni, Total and ExxonMobil, wants to push back the start of the 13bn-barrel field for at least another year, Kazakh ministry officials said yesterday.
Kazakh Govt Aims For BG’s Stake In Kashagan
The Wall Street Journal: Kazakh Govt Aims For BG’s Stake In Kashagan
DOW JONES NEWSWIRES
June 11, 2004 12:20 p.m.
Posted 12 June 04
By Mark Long
Of DOW JONES NEWSWIRES
LONDON — The delayed development of Kazakhstan’s giant Kashagan oil field in the Caspian Sea appears Friday to have hit another snag, with the Kazakh government reportedly aiming to snap up a stake in the project.
The U.K.’s BG Group (BRG) unexpectedly said Friday in a press release that the Kazakh government has claimed it has the right and intention to buy BG’s 16.67% stake, which is due to be absorbed by other partners in the project – Total (12027.FR), Eni (E), Royal Dutch/Shell (RD, SC), ExxonMobil (XOM), ConocoPhillips (COP).