VOL. XLIII

No. 04

24-January-2000

CASPIAN

OKIOC Drilling Suspended Due To Weather

The Offshore Kazakstan International Operating Company (OKIOC) announced on 14 January that exploration drilling in the northern Caspian Sea would be suspended as of late January in order to avoid problems caused by harsh weather conditions. The consortium, which acts as its own operator, spudded its first exploratory well, the Kashgan East-1 on 12 August last year (MEES, 16 August 1999). The well has a target depth...