Review of 2012 - Central Asia and Caucasus

Loading current market price

Get this report

Loading current market price

Get this report as part of a subscription

Enquire about subscriptions

Already have subscription? Sign In

Further information

Contact us

Submit your details to receive further information about this report.

  • An error has occurred while getting captcha image
For details on how your data is used and stored, see our Privacy Notice.

Report summary

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.

What's included

This report contains

  • Document

    Review of 2012 - Central Asia and Caucasus

    PDF 619.45 KB

Table of contents

  • Executive Summary
  • M&A: ONGC makes a splash, as Total moves onshore
  • Kazakh Mega Projects
    • Hiatus in liquids production growth
    • Gas on the rise
      • Closing in on pipeline choice for Shah Deniz Phase Two
      • CPC expansion delayed slightly
      • GSPAs for TAPI gas
      • Licensing
      • Exploration
      • Appendix A
      • Appendix B

Tables and charts

This report includes 5 images and tables including:


  • Key upstream events in the Caspian region, 2012
  • Annual deal count, 2002-2012
  • Caspian region liquids production, 2008-2016 (‘000 b/d)


  • Exploration licence awards in 2012
  • 2012 Farm-Ins

Questions about this report?

    • Europe:
      +44 131 243 4699
    • Americas:
      +1 713 470 1900
    • Asia Pacific:
      +61 2 8224 8898