North Caspian Operating Company

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, Royal Dutch Shell, Total S.A. (16.81% each ), China National Petroleum Corporation (8.4%) and Inpex, (7.56%).

Company

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]

Production

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 is expected to start 23 October 2016 with an initial production of 75,000 barrels per day.[6]

See also

References
  1. "Premier: Kazakhstan is a proved vendor of energy resources to global market". KazInform. Retrieved 4 July 2019.
  2. "Kazakhstan, consortium agrees to new Kashagan terms". Oil and Gas Journal. Retrieved 5 November 2018.
  3. "No lay-offs at Kashagan". Kashagan Today. Retrieved 2016-01-09.
  4. "http://www.ncoc.kz/en/mediacentre/2014/news-25-04-2014.aspx". www.ncoc.kz. Retrieved 2016-01-09. External link in |title= (help)
  5. "Kazakhstan still planning to resume production at Kashagan late 2016. Markets. Tengrinews.kz". Tengrinews.kz. Retrieved 2016-01-09.
  6. https://www.neweurope.eu/article/long-delays-kashagan-oil-slowly-come-stream/
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