Offshore North Caspian Sea Contract Area (Kashagan Oil Field and others)
|Project status||Venture company
|Offshore North Caspian Sea||In production||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 Kashagan Oil Field is located within this area in the Caspian Sea where the water reaches depths of 3–4 meters, approximately 75 kilometers southeast of Atyrau, Kazakhstan. The shipment of crude oil commenced in October 2016. INPEX and its partners have achieved the project’s initial production volume target of 370 thousand barrels per day and are currently working to increase the daily production volume to 450 thousand barrels.
ACG Oil Fields
|Project status||Production volume**||Venture company
|ACG||In production||Crude oil: 458 Kbbld||INPEX Southwest Caspian Sea, Ltd.
(January 29, 1999)
|INPEX Southwest Caspian Sea 9.31%
- ** Production volume on the basis of all fields and average rate of fiscal year ended December 31, 2022
INPEX acquired an interest in the Deepwater Gunashli (ACG) Oil Fields in the south Caspian Sea offshore Azerbaijan in April 2003. At the ACG Oil Fields, oil is being produced at the Chirag, the Central Azeri, the West Azeri, the East Azeri, the Deepwater Gunashli and the West Chirag locations. In September 2021, cumulative crude oil production reached 4.0 billion barrels. INPEX and its partners are working on development to commence production with a new platform in 2023.
BTC Pipeline Project
|BTC Pipeline Project||INPEX BTC Pipeline, Ltd.
(October 16, 2002)
|INPEX BTC Pipeline 2.5%
Azerbaijan（BTC） Limited 25%
Stretching approximately 1,770 kilometers from Baku on Azerbaijan’s Caspian coast to Ceyhan in Turkey, the BTC pipeline has been used to transport crude oil since its commencement of full-scale operation in June 2006. With a transport capacity of 1.20 million barrels per day, the pipeline mainly transports crude oil produced in the ACG Oil Fields in Azerbaijan.