Proger & NCOC Sign Agreement for the Development of Kashagan Field

Source: 5/26/2021, Location: Asia

Proger, through its local company Caspian Proger, has signed a five-year framework contract with the North Caspian Operating Company (NCOC). The agreement, with an estimated amount of up to USD 20 million, concerns the provision of multidisciplinary engineering, project management and project support services within the Kashagan offshore and onshore plant in Kazakhstan.

The Kashagan offshore oil field, located in the North Caspian Sea 80 km off the city of Atyrau, is one of the largest oil discoveries of the past four decades, with approximately 9-13 billion barrels of recoverable oil. The NCSPSA (North Caspian Sea Production Sharing Agreement) regulates the exploration, development and exploitation rights of the area (approximately 5,000 km 2 ) until 2041, which is managed by NCOC - a joint venture of the state-owned KazMunaiGas with Shell, Total, Eni, ExxonMobil, CNPC and Inpex.

The first phase of development of Kashagan, known as the Experimental Program (EP), also saw Proger engaged since the early 2000s and led to the start of commercial production of the field in October 2016 and to the achievement of its maximum capacity of 380,000 barrels per day (bopd) in the first half of 2019. In the subsequent development phases, the field production will be able to increase to 1.5 million barrels of oil per day (Mbopd).

Kashagan is the largest international investment in Kazakhstan to date and - due to the combined safety, engineering and logistics challenges in an extremely challenging offshore environment - is considered to be one of the largest and most complex industrial projects currently under development in the world.

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