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Total expects full resumption of oil production at Kazakh Kashagan in late 2015

Oil&Gas Materials 22 April 2014 15:35 (UTC +04:00)
Full resumption of the production at Kazakh oil and gas field Kashagan is expected at the end of 2015, representative of one of the shareholders of the project said

Baku, Azerbaijan, April 22

By Elena Kosolapova - Trend:

Full resumption of the production at Kazakh oil and gas field Kashagan is expected at the end of 2015, representative of one of the shareholders of the project said, RIA-Novosti reported on April 22.

French Total's President of The Exploration & Production Division Yves-Louis Darricarrère announced such a forecast at the CIS Oil and Gas summit in Paris.

"The main issue now - is the resumption of the production as soon as possible. The studying of the causes (of leaks) is approaching the end," he said.

Earlier Kazakh Minister of Economy and Budget Planning, Erbolat Dossayev said that there was still a risk of failing to start the commercial production at Kashagan field in 2014.

Kashagan is a large oil and gas field in Kazakhstan located in the north of the Caspian Sea. The total oil reserves amount to 38 billion barrels, some 10 billion of which are recoverable reserves. Moreover there are large natural gas reserves at the Kashagan field - over one trillion cubic meters. Oil production at Kashagan started on September 11, 2013, but on Sept. 24 its operation was suspended after a gas leak appeared from the ground pipeline stretching from the Island D to the Bolashak plant.

Production was resumed, but again suspended on Oct. 9 after showing another leak.
The cause of leaks in the gas pipeline was its cracking under the influence of sulphide compounds, the NCOC consortium said earlier.

The field is being developed by North Caspian Operating Company (NCOC) which is formed now by Kazakh KMG Kashagan B.V.( KazMunaiGas subsidiary) which holds about 16.88 percent share, Italian Eni, , French Total, U.S. ExxonMobil, Royal Dutch Shell, each of which owns over 16.8 percent share, Chinese CNPC- over 8.33 percent and Japanese Inpex- over 7.56 percent.

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