Partners at the giant Kashagan oil field are expected to ask the government of Kazakhstan for an extension for their 2013 first oil deadline, a source said.Partners at the Kashagan oil field -- Royal Dutch Shell, Total, Exxon Mobil, Italy's Eni and Kazakh state oil company KMG -- have struggled to get oil products out of the field.Partners had pitched plans to get at least 50,000 barrels of oil per day onshore by going around an artificial island housing a processing plant that isn't finished yet, but that plan was rejected at the last minute.A source at an oil services company in the country told The Daily Telegraph newspaper in London on condition of anonymity the Kashagan consortium needs an extension to the 2013 deadline."Our people went to a workshop 10 days ago, and were told that the partners had rejected the 'early oil' concept because it was not sufficiently worked out, and so they now had a brief to go back and ask for an extension to their 2013 deadline," he said.Kashagan was the largest oil discovery in 30 years when its reserve estimate of at least 9 billion barrels of oil was first announced in 2000.
GMT 18:55 2018 Friday ,14 December
Libya’s National Oil against paying ‘ransom’ to reopen El Sharara fieldGMT 22:22 2018 Thursday ,13 December
Turkey starts building land part of Turkish Stream pipelineGMT 13:35 2018 Sunday ,09 December
OPEC+ deal to ensure stability of oil price, that is positive for RussiaGMT 14:30 2018 Friday ,07 December
Major oil producers haggle over production cutGMT 13:29 2018 Thursday ,06 December
Major oil exporters mull supply cut amid internal rifts, US demandsGMT 09:30 2018 Monday ,03 December
Qatar says it is withdrawing from OPEC on January 1GMT 21:00 2018 Sunday ,25 November
Oil prices plummet amid U.S. drilling rigs downGMT 17:28 2018 Friday ,16 November
OPEC Basket Price Stood, at over $65.2, on ThursdayMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor