North Caspian Operating Company Explained

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, 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] Managing Director is Olivier Lazare, secondee from Shell plc.

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 resumed in October 2016 with an initial production of 75,000 barrels per day.^[6]

Notes and References

1. Web site: Premier: Kazakhstan is a proved vendor of energy resources to global market. KazInform. 9 June 2024.
2. Web site: Kazakhstan, consortium agrees to new Kashagan terms. Oil and Gas Journal. 31 October 2008 . 5 November 2018.
3. Web site: No lay-offs at Kashagan. Kashagan Today. 2016-01-09. en-US.
4. Web site: STATUS OF KASHAGAN PIPELINE INTEGRITY ISSUE . www.ncoc.kz . North Caspian Operating Company . en . 2016-01-09 . dead . https://web.archive.org/web/20160127055225/http://www.ncoc.kz/en/mediacentre/2014/news-25-04-2014.aspx . 27 January 2016.
5. Web site: Kazakhstan still planning to resume production at Kashagan late 2016. Markets. Tengrinews.kz. Tengrinews.kz. 9 September 2015. 2016-01-09.
6. Web site: After long delays, Kashagan oil to slowly come on stream. 20 September 2016.