The major highlights from the Caspian region in 2012 were farm-ins and other high profile M&A activity. The most notable deals were ONGC's acquisition of stakes in two of the region's biggest projects, Azeri Chirag Guneshli (ACG) and Kashagan. These are both subject to government approval and there is a significant chance of pre-emption by the Kashagan partners. If the deals were to proceed as proposed, they would signal a major move by ONGC into the Caspian.
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Insight | Jan 2013
Review of 2012 - Central Asia and Caucasus
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