Alex Brett
Sunday August 26, 2007
Agip KCO, the energy consortium which will operate the highly prized Kashagan oilfield in Kazakhstan, has been forced to renegotiate its deal with the Kazakh authorities amid allegations that its development will inflict what was described earlier this week as ‘irreparable damage to the environment’.
The consortium, comprised of seven companies, most notably Shell, Exxon Mobil, Total and ENI, its operator, was due to begin drilling its first well in 2005, but this was postponed to 2008.