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Eni preparing concept for full-scale dev't of Kazakhstan's Kashagan

Oil&Gas Materials 26 July 2021 18:00 (UTC +04:00)
Eni preparing concept for full-scale dev't of Kazakhstan's Kashagan

BAKU, Azerbaijan, July 26

By Nargiz Sadikhova - Trend:

Eni is preparing the concept for full-scale development of the Kashagan field, Eni CEO Claudio Descalzi said, Trend reports citing the press office of Kazakh president.

Descalzi made the statement during the meeting with President of the Republic of Kazakhstan Kassym-Jomart Tokayev as part of his visit to Kazakhstan.

During the meeting, Descalzi noted that despite the ongoing COVID-19 pandemic, the pace of implementation of ongoing projects at Kashagan continues.

According to Descalzi, a number of key investment decisions have been made to increase oil production. The consortium is preparing a concept for the full-scale development of the Kashagan field. Work is also continuing to increase gas processing capacities.

Eni has been present in Kazakhstan since 1992, where it is a joint operator of the Karachaganak field and an equity partner in various projects in the Northern Caspian Sea, including the Kashagan giant field.

The Kashagan field is one of the three largest oil fields located in the northern part of the Kazakh sector of the Caspian Sea. Its recoverable reserves reach approximately 9-13 billion barrels (1-2 billion tons) of oil.

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