Eni talks exploration and production in Kazakhstan

Source:Eni

Eni talks exploration and production in Kazakhstan

The Prime Minister of Kazakhstan, Karim Massimov, and the Minister of Energy, Vladimir Shkolnik, met Eni’s CEO Claudio Descalzi today in Astana.

In the meeting, Claudio Descalzi illustrated the positive progress of Eni’s activities in Kazakhstan, with a particular focus on the projects for the Kashagan and Karachaganak fields, and Eni’s partnership with State Oil Company KazMunaiGaz, both for the Isatay offshore exploration area and the shipyard project in Mangystau Region.

Claudio Descalzi also commented on the recent agreement between the government of Kazakhstan and the Kashagan partners, which resolved a number of operational, financial, and ecological matters. “This agreement provides further momentum to achieve the earliest safe restart of Kashagan production and reinforces our strategic decision to continue investing in Kazakhstan, a country with supergiant oil and gas fields and a positive investment climate. These factors are particularly relevant in the current volatile market, which requires our industry to be increasingly selective in the capital investment programs.‘

Eni has been present in Kazakhstan since 1992, where it is co-operator of the Karachaganak field and participates in the North Caspian Sea PSA consortium, responsible for the operations related to the Kashagan field.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Reduce Engineering Project Complexity

Engineering document management presents unique and complex challenges. A solution based in Enter...

Revolutionizing Asset Management in the Electric Power Industry

With the arrival of the Industrial Internet of Things, data is growing and becoming more accessib...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs