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|Contract area(block)||Project status||Venture company(established)||Interest owned(*Operator)|
|(As of June 30, 2016)|
|Offshore North Caspian Sea||Production under suspension||INPEX North Caspian Sea, Ltd.
(August 6, 1998)
|INPEX North Caspian Sea 7.56%
In September 1998, INPEX acquired an interest in the Offshore North Caspian Sea Contract Area in Kazakhstan’s territorial waters. The Offshore North Caspian Sea Contract Area consists of two blocks: the East Block is about 4,300 km2 and the West Block is about 1,275 km2 in area (for a total of about 5,575 km2). The Kashagan Oil Field, which is in the East Block, is located in the Caspian Sea at depths of 3–5 m and is approximately 75 km southeast of Atyrau, Kazakhstan.
Since the first exploratory well was drilled in September 1999, the Kashagan Oil Field was confirmed in 2000 and commercial discoveries were announced in 2002. After development work, the Kashagan Oil Field began producing crude oil in September 2013, but production was suspended due to gas leaks from the pipeline.
Besides the Kashagan field, the presence of hydrocarbon reserves was also confirmed in the surrounding Kalamkas, Aktote and Kairan structures. Appraisal of these three structures is continuing in parallel with the development of the main Kashagan field with a view to expanding the total production of the contract area.
Kashagan Oil Field