Kashagan
KazMunaiGas invested $1.37 billion into Kashagan in 2009 - CFO
(SRI) - KazMunaiGas invested more than KZT203 billion ($1.37 billion) in the development of the Kashagan project, the state company’s Chief Financial Officer Asiya Syrgabekova told Azeri news outlet Trend Capital last week.
KazMunaiGas proposes cutting Kashagan costs by $3 billion in 2010
(SRI) - The 2010 budget for the development of the Kashagan field in Kazakhstan could be cut to $7.4 billion from an earlier plan of $10.4 billion, Kazakh state oil and gas company KazMunaiGas (KMG) proposed last week.
Kazakhstan wants to cut Kashagan costs by 30 percent
(SRI) - Kazakhstan plans to cut expenditures to develop the Kashagan field by 30 percent, KMG head Kairgeldy Kabyldin said on Thursday.
Consortium to cut Kashagan initial phase budget by $1 billion
(SRI) - The consortium of oil companies developing the Kashagan oil field will lower the budget for the development of the project by at least $1 billion as global economic downturn drives down prices for equipment and material, Kazakhstan’s Minister of Energy Sauat Mynbayev said.
Economic crisis may lead to lower costs for Kashagan
(SRI) - The consortium of international oil companies developing the Kashagan oil field in the Caspian Sea said on Thursday that the global economic crisis is likely to significantly reduce the costs of developing the giant offshore deposit.
Saipem to supply rigs for Kashagan drilling
(SRI) - Saipem, the Italian oil-services company, has won drilling contracts worth around $600 million for six onshore rigs in Kazakhstan, Congo and Algeria.
Aker Solutions wins $1.6-billion contracts
(AFP) - Norwegian oil services group Aker Solutions said Monday it had won two contracts for the Kashagan oil field in Kazakhstan together with Italian group Saipem, with Aker’s share totalling 1.6 billion dollars (1.2 billion euros).
Saipem wins $1-billion Kashagan contract
(SRI) - Saipem SpA, Europe’s biggest oil services company, said Monday it had won an offshore contract in Kazakhstan worth about $1 billion.
Kashagan unaffected by global economic crisis, Shell executive
(SRI) - The global economic crisis should not affect the development of the Kashagan oilfield in Kazakhstan and may even help reduce its costs, a Shell executive said on Tuesday.
Kashagan agreement signed on Friday
(SRI) - Kazakhstan and a group of Western oil companies developing the giant Kashagan field signed a final agreement on the future of the project, as they concluded a stand-off that drew itself since August of 2007.
