Kazakhstan, Astana, August 16 / Trend, A. Maratov /
Aslan Shapabayev appointed as a director general of Caspi Meruerty Operating Company B.V. (CMOC) by a decision of the Pearls project shareholders. The nomination was proposed by Shell Kazakhstan Development, the joint operating company's shareholder, the press service of the joint-stock OOC Kazmunayteniz reported Tuesday.
According to the press-release, the shareholders have supported the initiative to appoint the Kazmunayteniz representative to this position, given that the nominee is familiar to them.
Shapabayev served as CMOC Deputy Director General from April 2008. He will start his work as CEO from August 16, 2011.
Shareholders commended the former Director General Marcus Antonini, who played a "key role" in the company. Antonini left the Pearls project over his transfer to another important post in Shell.
CMOC is the joint operator of the Pearls Production Sharing Agreement (PSA), which was signed on 14 December 2005 between the Ministry of Energy and Mineral Resources of the Republic of Kazakhstan, Shell EP Offshore Ventures Limited (55%), KazMunayTeniz OOC JSC (25%) and Oman Pearls Company Limited (20%) as a consortium of subsoil users.
Caspi Meruerty Operating Company B.V. was established on 08 January 2007 in the Netherlands. The Kazakhstan Branch of the Company was registered in Aktau (Mangistau Region) in April 2007.
CMOC shareholders are KazMunaiTeniz OOC JSC, Shell EP Offshore Ventures Limited and Oman Pearls Company Limited.
At present the company's staff consists of approximately 150 people.