ENI and KMG Sign Isatay Agreement
The agreement will result in KMG and Eni each holding 50% of exploration and production rights in Isatay, an offshore exploration area located in the north Caspian Sea In the presence of the President of the Republic of Kazakhstan, Nursultan Nazarbayev, and the Italian Prime Minister, Matteo Renzi, KazMunayGas’ (KMG) Chairman …
LukOil to sell stake in Caspian Investment
LukOil has agreed to sell its 50% stake in Caspian Investment Resources Ltd to China’s Sinopec for around $1.2bn, subject to adjustments at closing. Caspian Investment Resources, through a number of joint ventures, owns various stakes in four hydrocarbon-production projects in Kazakhstan. LukOil’s share in commercial hydrocarbon production as part …
BG Group and Kazakstan Sign Updated Karachaganak Deal
BG Group today announced with the Republic of Kazakhstan (“the Republic”) and the other contracting companies in the giant Karachaganak gas-condensate field in north-west Kazakhstan, completion of their agreement which was initially signed on 14 December 2011.* Under the terms of the agreement the Republic has acquired a 10% interest …
BG Group Reaches Agreement with the Republic of Kazakhstan on Karachaganak
BG Group today announced that the Republic of Kazakhstan (RoK) and the contracting companies in the giant Karachaganak gas-condensate field in north-west Kazakhstan have reached an agreement that will support the further development of the field. The agreement, effective from 30 June 2012 on satisfaction of conditions precedent, involves Kazakhstan’s …
Tenaris’ Dopeless® technology used in the complex Karachaganak field
The Karachaganak Petroleum Operating Company or KPO, a joint venture comprised by ENI and the BG Group along with participation from Chevron and Lukoil carried out the first two runnings of TenarisHydril Blue™ Dopeless®connections for the gas condensate field in northwestern Kazakhstan. The customer chose to use Dopeless® technology due to its operational …