The NCSPSA area includes the giant Kashagan field, 80 kilometers South-East of Atyrau. The Kashagan field is the biggest hydrocarbon discovery since the 1960’s and the first large-scale offshore petroleum development in Kazakhstan.
The project includes a unique combination of technical and environmental challenges including a deep, high-pressure reservoir with high hydrogen sulphide content, limited infrastructure/resources, wide temperature variations from -40 to +40C and limited marine access.
Kashagan will make an important contribution to the global energy supply, bringing prosperity and international recognition to Kazakhstan as a key oil producing region in the world.
On 22 January 2009, a new operating company, North Caspian Operating Company B.V. (NCOC), officially became Operator under the North Caspian Sea Production Sharing Agreement (NCSPSA).
The execution of operations is delegated by NCOC to four Agent companies: Agip KCO, Shell Development Kashagan B.V. (SDK), ExxonMobil Kazakhstan Inc and NC Production Operations Company B.V. (NCPOC). NCPOC will manage production operations of all phases.