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Kazakhstan’s $1.1B Karachaganak project to sustain high output, Shell says

By , SA News Editor

  • Royal Dutch Shell (RDS.A, RDS.B) says the $1.1B investment in the giant Karachaganak field in Kazakhstan reached this month is aimed at sustaining high production levels and creating significant value from the field.
  • Shell says the Karachaganak Debottlenecking Project “aims to extend the duration of the plateau liquid production and will bring significant value creation to both the [Russian] Republic and the contractor.”
  • Shell and Eni (NYSE:E) each hold 29.25% stakes in Karachaganak, which produced 247K bbl/day of liquids last year; other stakeholders are Chevron (NYSE:CVX) with 18%, Lukoil (OTCPK:LUKOY, OTC:LUKOF) with 13.5%, and state-owned KazMunaiGaz 10%.
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