North Caspian Operating Company (NCOC) is an operating company for the North Caspian Sea Production Sharing Agreement (NCSPSA). NCOC is based in Atyrau, Kazakhstan. The agreement includes seven companies consisting of KazMunayGas, Eni, ExxonMobil, Shell, Total S.A. (16.81% each), China National Petroleum Corporation (8.4%) and Inpex (7.56%).
NCOC was created in 2009 [1] taking responsibilities from Agip KCO. [2] The offices of NCOC are in Atyrau, Kazakhstan. As of July 2015, the company employed 2584 personnel. [3] Managing Director is Olivier Lazare, secondee from Shell plc.
Production began on 11 September 2013 and was halted on 24 September 2013 after experiencing pipe failures. [4] The project went through a complete pipe replacement. [5] Production from the Kashagan Field resumed in October 2016 with an initial production of 75,000 barrels per day. [6]
Atyrau, known until 1991 as Guryev, is a city in Kazakhstan and the capital of Atyrau Region. Atyrau is a transcontinental city, at the mouth of the Ural River on the Caspian Sea, between Europe and Asia, 2,700 kilometres west of Almaty and 351 kilometres east of the Russian city of Astrakhan.
Tengiz field is an oil field located in Zhylyoi District, Atyrau Region, northwestern Kazakhstan.
Atyrau Region formerly known as Guryev Region, until 1991, is one of the regions of Kazakhstan, in the west of the country around the northeast of the Caspian Sea. Its capital is the city of Atyrau, with a population of 355,117; the region itself has a population of 681,241, of which Kazakhs make up more than 90%.
Eni S.p.A. is an Italian multinational energy company headquartered in Rome. It is considered one of the "supermajor" oil companies in the world, with a market capitalization of €50 billion, as of 31 December 2023. The Italian government owns a 30.5% golden share in the company, 1.99% held through the Ministry of Economy and Finance and 28.5% through the Cassa Depositi e Prestiti. The company is a component of the Euro Stoxx 50 stock market index.
Karachaganak Field is a gas condensate field about 23 kilometres (14 mi) east of Aksay (Ақсай) in northwest Kazakhstan. It was once a massive Permian and Carboniferous reef complex covering an area 30 by 15 square kilometres. At its largest point, the reservoir contains a gas column 1,450 metres (4,760 ft) deep with a 200 metres (660 ft) deep oil rim below it. It is estimated to contain 1.2 trillion cubic metres of gas and one billion tonnes of liquid condensate and crude oil. Discovered in 1979, it began production under Karachaganakgazprom, a subsidiary of Gazprom. In 1992, AGIP and British Gas were awarded sole negotiating rights, forming a partnership company. In 1997, Texaco and Lukoil signed a 40-year production sharing agreement with the original two companies and the Kazakhstan government to develop the field for world markets. The agreement was turned under a partnership company known as Karachaganak Petroleum Operating (KPO) where Royal Dutch Shell and ENI are joint operators with a 29.25% stake each in the company, and with Chevron and Lukoil owning 18% and 13.5% respectively. In September 2009 the KPO filed an arbitration case against Kazakhstan. The Republic of Kazakhstan appointed Maksat Idenov to lead the negotiations, after which the arbitration was suspended towards an amicable settlement of the dispute and KazMunayGas engaged in entrance into the project in 2010. Under the terms of an agreement reached on December 14, 2011, the Republic of Kazakhstan has acquired through KazMunayGas a 10% stake for $2 billion cash and $1 billion non-cash consideration.
Kashagan Field is an offshore oil field in Kazakhstan's zone of the Caspian Sea. The field, discovered in 2000, is located in the northern part of the Caspian Sea close to Atyrau and is considered the world's largest discovery in the last 30 years, combined with the Tengiz Field. When discovered, it was the second largest oil field in the world.
The Caspian Pipeline Consortium (CPC) is a consortium and an oil pipeline to transport Caspian oil from Tengiz field to the Novorossiysk-2 Marine Terminal, an export terminal at the Russian Black Sea port of Novorossiysk. It is one of the world's largest pipelines and a major export route for oil from the Kashagan and Karachaganak fields. The CPC pipeline transfers about 1% of global oil supply and handles almost all of Kazakhstan's oil exports. In 2021, the pipeline exported up to 1.3 million barrels per day (bpd) of Kazakhstan's main crude grade, light sour CPC Blend, which represented 80% of Kazakhstan's total oil production of 1.6 million bpd.
KazMunayGas (KMG) (Kazakh: QazMūnaiGaz, ҚазМұнайГаз) is the state-owned oil and gas company of Kazakhstan. It was founded in 2002 by merging CJSC Kazakhoil and CJSC Oil&Gas Transportation.
The Trans-Caspian Oil Transport System is a proposed project to transport oil through the Caspian Sea from Kazakhstani Caspian oilfields to Baku in Azerbaijan for the further transportation to the Mediterranean or Black Sea coast. The main options under consideration are an offshore oil pipeline from Kazakhstan to Azerbaijan, and construction of oil terminals and oil tankers fleet. A strong push for the project has been from the partners of the Kashagan oilfield project and in particular Total who has a share in both the field and the BTC pipeline. They have estimated that such a project would cost roughly US$4 billion. The project also faces opposition from Iran and Russia, both alternative avenues for Kazakhstan's oil and gas who would likely object to competing pipelines being built.
Erbolat Asqarbekūly Dossaev is a Kazakh politician serving as an äkım of Almaty since 31 January 2022. Äkim means mayor of Village or city. Prior to that, he was a National Bank of Kazakhstan chairman from 25 February 2019 and served as a Deputy Prime Minister from 29 August 2017 to 25 February 2019. He served as the Minister of Finance from 16 June 2003 to 5 April 2005, headed the Agency for Regulating Natural Monopolies, and later as the Health Minister from 5 April 2004 to 20 September 2006. In January 2013, Dossaev was appointed head of a reorganized Minister of National Economy.
The Kazakhstan–China oil pipeline is China's first direct oil import pipeline allowing oil import from Central Asia. It runs from Kazakhstan's Caspian shore to Xinjiang in China. The pipeline is owned by the China National Petroleum Corporation and the Kazakh oil company KazMunayGas.
Bolat Oraluly Aqşolaqov is a Kazakh politician, who is currently serving as Advisor to President of Kazakhstan. Aqşolaqov used to serve as the Minister of Energy from 2022 to 2023.
The Central Asia–China gas pipeline is a natural gas pipeline system from Central Asia to Xinjiang in the People's Republic of China. By connecting Turkmenistan to China’s domestic grid, this pipeline makes it possible to transport gas some 7000 km from Turkmenistan to Shanghai. More than half of Turkmen natural gas exports are delivered to China through the pipeline.
Energy in Kazakhstan describes energy and electricity production, consumption and import in Kazakhstan and the politics of Kazakhstan related to energy.
Timur Askaruly Kulibayev is a Kazakh business oligarch and son-in-law of former Kazakh president Nursultan Nazarbayev.
The oil and gas basins of Kazakhstan can be grouped into four revealed or prospective oil and gas provinces in the Republic of Kazakhstan. Exploration in those provinces in which oil and gas has already been extracted had, by 2010, led to the discovery of more than 200 oil, gas, oil-and-gas and condensate hydrocarbon accumulations. Of these, the Kashagan, the Tengiz and the Karachaganak fields can be considered giants.
Maksat Bagitovich Idenov is a prominent energy executive within the international oil and gas industry, currently the Executive Vice President at Eni.
Nūrlan Asqarūly Noğaev is a Kazakh politician who served as the Äkim of Mangystau Region from 2021 to 2024 and Minister of Energy from 2019 until 2021. Prior to that, he was the äkım of West Kazakhstan and Atyrau regions from 2012 to 2019.
Magzum Maratuly Myrzagaliev is a Kazakh politician who has served as Minister of Energy (2021-2022). Prior to that, he was the Minister of Ecology, Geology and Natural Resources from 2019 and in the ministry as Vice after working in engineering and managing national company businesses. April 14, 2022 - he was appointed as a Chairman of the Board of JSC NC KazMunayGas.
Serıkqali Amanğaliūly Brekeşev is a Kazakh politician who's serving as a Minister of Ecology, Geology and Natural Resources since 10 September 2021 in which he served as its Vice Minister from March 2020. During his early stages of his career, Brekeşev held various jobs relating to oil engineering and management.
