BAKU, Azerbaijan, Dec. 7
By Nargiz Sadikhova - Trend:
US’ Shell will support the activities of the International Center for the Development of Oil and Gas Engineering to be established in Kazakhstan through its Kazakh-based companies, a representative of Shell Kazakhstan told Trend.
On Nov. 30, 2020, Deputy Prime Minister of Kazakhstan Roman Sklyar took part in the signing ceremony of an agreement on the establishment of the International Center for the Development of Oil and Gas Engineering.
As noted during the signing, the purpose of the Center operations is to localize the production of goods for the oil and gas industry in Kazakhstan by opening new industrial enterprises and service centers, promoting investment activities.
The Shell Kazakhstan official noted that the Creation of the International Center was initiated by the Government of Kazakhstan and was supported by three major oil and gas operators in Kazakhstan (TCO, NCOC, and KPO).
“Being one of the shareholders in NCOC and KPO, Shell Kazakhstan supported this initiative by approval of Operators’ requests and sharing best practices,” the official said.
Shell has a stake in North Caspian Operating Company which is a Kazakhstan-based Kashagan Field operator.
Developed with an estimated investment of $55 billion, Kashagan phase one represents the biggest international investment in Kazakhstan to date. Developed in a harsh offshore environment, it is also considered to be one of the world’s most technically challenging oil and gas projects completed so far.
Shell also takes part in the development of Karachaganak which is one of the largest oil and gas condensate fields in Kazakhstan. Karachaganak Petroleum Operating produces oil and gas from the Karachaganak field. The shares in the consortium are as follows: Eni - 29.25 percent, Royal Dutch Shell - 29.25 percent, Chevron - 18 percent, Lukoil - 13.5 percent, and KazMunayGas - 10 percent.
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