Kazakhstan, Astana, Sept. 11 /Trend, D. Mukhtarov/
The North Caspian Operating Company - the operator of the North Caspian Project has produced the first barrels of oil at the Kashagan field in the North Caspian Sea, the press service of the consortium said on Wednesday.
"Today, the North Caspian Operating Company B.V. announced on behalf of the Consortium within the framework of the production sharing agreement on Northern Caspian Sea, that the first well at Kashagan was re-opened and the initial volumes of oil were produced," the consortium's report said.
On 30 June, the President of Kazakhstan Nursultan Nazarbayev attended the facilities of the Kashagan project on the issue of celebration of completion of construction of facilities that are important in the initial stage.
This day was marked the final preparation to the launch of facilities at the project.
The Kashagan field is the largest oil deposit in the North Caspian Sea with geological reserves, which make up about 35 billion barrels.
The subsequent development projects will result in a significant increase of volumes of production and will bring Kashagan to the level of significant global market participants.
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