VOL. XLVI

No 43

27-October-2003

CASPIAN

Deutsche Bank Forecasts IRR Of 14.8% For Kashagan Partners

In a new report on the development of Kazakhstans giant offshore Kashagan oilfield, Deutsche Banks Edinburgh-based Global Oil and Gas Research office has forecast an internal rate of return (IRR) of 14.8% for the six partners involved in the massive project. The report, entitled The Big Sturgeon and prepared by Nick Griffen and Caroline Cook, bases its conclusion on a cash flow analysis that sees the...