The North Caspian Sea Project Milestones
Talk of big offshore North Caspian reserves have been buzzing in the international media and throughout the industry for quite some time. Thanks to our Declaration of Commerciality of Kashagan, signed with the Authority in Astana in June of this year can confirm that, for once, the rumours are true. details >>
Import Substitution Program: Challenges and Dilemmas
With the amount of investment still to come in Kazakhstan's oil and gas industry,the question is not if domestic supply will extend its capabilities, but rather, how fast and how far will it go details >>
Tengiz Crisis: Compromise Will Be Struck
The TCO expansion project is suspended for an uncertain period upon the joint resolution of the partners. The government sees two options for events to develop. The first is to fully stop the project works. In this case the production level will remain the same and Kazakhstan will have to look for the new ways to develop its oil industry. However this option is hardly probable. The second option is to quest for a compromise solution. details >>
KMG and Hurricane: Cooperation Agreement
National company KazMunaiGas signed an agreement with Hurricane Hydrocarbons Ltd providing for the principles of future cooperation in the field of pipelines, KMG's press-service reported. details >>
KazMunaiGas: Transportation Policy
Oil and gas industry is a strategic sector of the economy of Kazakhstan. The country has huge energy resources: it is known that recoverable reserves of raw materials come to 2.8 billion tons of oil and 3 trillion cubic meters of gas. It is expected that the discovery of Kashagan will add another 7 billion tons of oil to this volume. details >>
Large Tankers for Caspian Sea
Working with Norwegian naval architects and engineers and Det Norske Veritas, the world leading classification society, Alegratrans found the solution with partners at the Krasniye Barrikady shipyard and this will permit the construction of vessels up to 60,000 dwt. details >>
Prospects of Oil and Gas Content on the Caspian
Expected hydrocarbon resources can increase at least 5 times the currently known commercial reserves of oil and gas in Kazakhstan. Given the present oil and gas condensate production level, geologists-oilmen would need to annually discover fields to ensure growth of 40 to 60 million tons of recoverable oil per year in order to optimize the production/increment ratio. Achieving such figures is the program task of the geological service for the nearest future. details >>
Exploration Potential of Caspian Shelf
This article considers the exploration potential of the Caspian region, the role that Kazakhstan can play in fulfilling the rising global demand for energy, and the critical success factors for a sustainable exploration programme. details >>
Caspian: Emphasizing the Commercial Side
Victor Kalyuzhny, Russian President's Special Envoy for Caspian Sea Status tells about the main events that took place over the last year on the Caspian and the cooperation of Russia with Caspian states. details >>
The Pipeline to Prosperity
Oil companies, as well as Caspian littoral states, have long eyed the Iranian route as a quick and cheap solution to get crude oil and natural gas out of this land -locked region. details >>
Environmental Protection and Rehabilation on UMG Fields
The Uzenmunigas (UMG) oil complex is located about 100 km inland from the Caspian Sea, and is one such older field. Over a 35-year history some 255 million tons of oil were produced within the 322,047 square kilometer field. A production peak of 16 million tons/year was achieved in 1976. Since 1988, a decrease in production of up to 20%/year occurred. details >>
LEGISLATION
Taxation of International Oil&Gas Export Infrastructure
Kazakhstan International Oil & Gas Conference 1st-3rd October 2002 Kazak-hstan has a number of export options for its expected increases in oil production over the next few years. The purpose of this talk is to look at the tax issues that will need to be considered, both by Kazakhstan and by investors, in developing those options. details >>
Energy Insurance Market Overview
This article presents the current status of the international energy insurance market, discusses insurance related legislation and regulations existent in Kazakhstan, particularly in the oil and gas sector, and highlights some issues related to insurance for oil and gas companies operating in Kazakhstan. details >>
New Legal Regime for Procurement of Petroleum Operations
Kazakhstan's rapidly growing oil and gas industry has contributed to a dramatic increase in the volume of goods, services and work procured by many petroleum operators. This article outlines the new legal regime for procurement of petroleum operations in Kazakhstan. The first part of the article examines the Rules for Procurement of Goods, Work and Services for Performance of Petroleum Operations approved by RK Government Resolution No. 612 dated July 7, 2002 (the "Procurement Rules" or "Rules"). details >>
TECHNOLOGY
Personnel Is of the First Priority
But staff management doesn't end on training, and we have to confess it doesn't always start with it. Besides usual staff work (orders, contracts, registration etc.) and gradually coming into everyday life staff training modern staff management includes Human Resources management System that also plays an important part. Large and medium western companies even have Human Resources departments, and the head of that department will surely be either a member of the board of directors, or vice-president responsible for human resources. details >>
