2013 in review - a year of landmarks in the Caspian
An eventful 2013 has set the stage for a crucial period for the upstream sector in the Caspian. First production was achieved from the Kashagan (Kazakhstan) and Galkynysh (Turkmenistan) mega-projects, whilst the Final Investment Decision (FID) was taken for Shah Deniz Phase Two (Azerbaijan). These fields will underpin future oil and gas production and export growth from the three countries. However, uncertainties persist, with Kashagan currently shut-in after a gas leak in October.