Middle East Economic Survey

VOL. LI

No 45

10-Nov-2008

CASPIAN

NCPSA And Kazakh Government Reach Compromise On Kashagan Development

The North Caspian Production Sharing Agreement (NCPSA) consortium signed a compromise agreement on 31 October with the Kazakh government for the development of Kashagan oil field, the worlds largest undeveloped oil find with recoverable reserves of 11-13bn barrels. Kazakh officials gave the revised equity interests of the NCPSA group as: Eni (16.81%), Exxon (16.81%),...