VOL. XLVI

No 42

20-October-2003

CASPIAN

Kashagan Oil To Cost Around $7.50-$9.50/B

According to a recent study by ABN Amro, and based on a recent visit by financial analysts to Kazakhstan, it is estimated that the technical cost of production for offshore Kashagan oil is around $7.50-9.50/B (including transportation). This figure includes: $2-3/B for full field finding and development cost, $3-4/B for export transport costs and operational expenditures (opex) of around $2.50/B.

According to the...