Insight
Kashagan production restart - timing is everything
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Report summary
Kashagan, beset for over a decade by cost overruns and production delays, will be shut-in until at least 2015, with a delay into 2016 or beyond increasingly likely. Production at the Kazakh field stopped in October 2013, after just one month, following leaks on the pipeline carrying sour associated gas to shore. A prolonged shut-down will prove a major hindrance to the lead IOC participants (Eni, ExxonMobil, Shell and Total) achieving production and cash flow growth targets out to 2020.
Table of contents
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Executive Summary
- Kashagan Contract Area
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The latest in a long line of delays
- Kashagan: key facts
- A major impact on project value
- Phase Two uncertainty continues to grow
- Kashagan weighs heavy on international partners
- Kazakhstan faces the Kashagan dilemma
Tables and charts
This report includes 7 images and tables including:
- Restart date impact on Kashagan Contract Area value
- Incremental Kashagan Phase Two economics, by assumed start date
- Impact on Kashagan corporate value
- Corporate incremental production growth to 2020
- Kashagan production restart - timing is everything: Image 6
- Kashagan production restart - timing is everything: Image 1
- Kashagan production restart - timing is everything: Table 1
What's included
This report contains:
