Offshore staff
LYSAKER, Norway -- Agip Kazakhstan North Caspian Operating Co. (KCO) N.V. has signed a letter of intent with Aker Kvaerner/Ersai for phase one of the Kashagan field development hook-up work.
The $175-million contract woujld cover offshore hook-up and commissioning of the offshore facilities plus inshore completion. The offshore portion of the work also includes temporary living quarters and offices, equipment and storage, plus barges for power generation.
Kashagan field, 80 km (50 mi) southeast of Atyrau, is the first large-scale offshore petroleum development in Kazakhstan and the largest oilfield discovered in the northern part of the Caspian Sea.
Agip KCO is the operator on behalf of seven international companies and under the North Caspian Sea Production Sharing Agreement (PSA). Consortium companies: Eni S.p.A. (Agip Caspian Sea B.V.), 18.52%; JSC NC KazMunayGas (KMG Kashagan B.V.), 8.33%; ExxonMobil Kazakhstan Inc., 18.52%; Shell Kazakhstan Development B.V., 18.52%; Total E&P Kazakhstan, 18.52%; ConocoPhillips (Phillips Petroleum Kazakhstan Ltd.), 9.26%; and INPEX North Caspian Sea Ltd., 8.33%.
4/13/2007
