Middle East Economic Survey

VOL. XLVII

No 28

12-July-2004

CASPIAN

Kazakh Authority Seize Parker Drilling Rig In Kashagan

The Kazakh authorities have seized Parker Drillings Sunkar drilling barge on the grounds that the Houston-based company owes as much as $6mn in customs duties. The move could, if not resolved soon, lead to another delay to development work in the offshore Kashagan oilfield, where the rig is employed and where commercial production is now expected to begin in 2008. Parker...