Report summaryThe Khvalynskoye field is located offshore, in the Caspian Sea, close to the Kazakh border. The field was discovered in 2000, but its development has been hampered by a territorial dispute between Kazakhstan and Russia. In May 2002, Astana and Moscow reached an agreement on the division of the North Caspian Sea on a median-line principle. This agreement was applied to three disputed structures through which the median line passes: Khvalynskoye (part of the Severni block), Kurmangazy and ...
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