Azerbaijan, Baku, May 7 / Trend E. Kosolapova/
The North Caspian Operating Company B.V. (NCOC), developing the major Kazakhstan's Kashagan oil field have an interest in diversification of oil export routes, NCOC Stakeholder Relations General Manager Erikzhan Issengaliyev told Trend via an e-mail on Monday.
"As Kashagan Phase 1 is under completion and ready for project start-up, there is a need for diversified export routes," Issengaliyev said.
Meanwhile, according to Issengaliyev, the decisions on transportation and marketing of products will be taken by each Consortium Partner individually (each for its own share).
Kashagan is Kazakhstan's super-giant oil and gas field located in the north of the Caspian Sea.
According to the Kazakh geologists, geological reserves at Kashagan are estimated at 4.8 billion tons of oil.
Up to 50 million tons of oil will be extracted in the first stage of experimental-industrial development in the field annually. Oil production in the field is slated to begin in late 2012. Oil export from the field can be doubled in the second phase scheduled for 2018 -2019.
At present, the largest participants of the Kashagan project are the companies Eni (roughly 16.81 percent), KMG (roughly 16.81 percent), Total (roughly 16.81 percent), ExxonMobil (roughly 16.81 percent), and Royal Dutch Shell (roughly 16.81 percent). Other participants are ConocoPhillips (8.4 percent) and Inpex (7.56 percent). The project is managed by North Caspian Operating Company, or NCOC.
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