VOL. XLV

No 27

8-July-2002

CASPIAN

Kashagan Reserves PutAt 7-9Bn Barrels Of Crude

Partnersin the international consortium working in Kazakstan痴offshore Kashagan oilfield announced on 28 June thatthe 5,600 sq km area contained 7-9bn barrels of recoverable crude and thatdrilling conducted so far showed that there were some 38bn barrels ofoil-in-place, making this one of the largest crude discoveries in recentdecades. Further appraisal work will continue and test production is scheduledto begin in...