Other Areas

Offshore North Caspian Sea Contract Area (Kashagan Oil Field and others)

Contract area
Project status Venture company
Interest owned
Offshore North Caspian Sea In production INPEX North Caspian Sea, Ltd.
(August 6, 1998)
INPEX North Caspian Sea 7.56%
Shell 16.81%
Eni 16.81%
ExxonMobil 16.81%
TotalEnergies 16.81%
CNPC 8.33%
KMG 16.87%

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.

Offshore facility

ACG Oil Fields

Contract area
Project status Production volume** Venture company
Interest owned
ACG In production Crude oil: 458 Kbbld INPEX Southwest Caspian Sea, Ltd.
(January 29, 1999)
INPEX Southwest Caspian Sea 9.31%
BP* 30.37%
MOL 9.57%
SOCAR 25.00%
Equinor 7.27%
ExxonMobil 6.79%
TPAO 5.73%
Itochu 3.65%
ONGC 2.31%
  1. ** 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.

Offshore production facility

BTC Pipeline Project

Contract area
Venture company
Interest owned
BTC Pipeline Project INPEX BTC Pipeline, Ltd.
(October 16, 2002)
INPEX BTC Pipeline 2.5%
*BP 30.1%
Azerbaijan(BTC) Limited 25%
MOL 8.9%
Equinor 8.71%
TPAO 6.53%
Eni 5%
TotalEnergies 5%
Itochu 3.4%
ExxonMobil 2.5%
ONGC 2.36%

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.

Shipping terminal