On 1
September 2023, an International Conference dedicated to 30 years since the
beginning of marine operations in the North Caspian Sea was held in Atyrau,
Republic of Kazakhstan. Alikhan Smailov, Prime Minister of Kazakhstan,
participated in the event arranged by Kazakhstan Society of Oil Geologists and
North Caspian Operating Company.Veterans of
North Caspian Project, representatives of President Administration of the
Republic of Kazakhstan, Office of the Government of the Republic of Kazakhstan,
heads of Atyrau and Mangistau Oblast akimats, CEO of KazmunayGas, QazaqGaz and
other Kazakhstani and foreign companies were invited to the Conference.
Industry
managers and specialists and invited guests discussed the achievements in
Kashagan field development and challenges facing North Caspian Operating
Company and new process solutions used.
CPC General
Director Nikolay Gorban made a report on the role and significance of the
created transportation infrastructure of the Caspian Pipeline Consortium in
development of Caspian fields and Kashagan field in particular. The Company’s
Head spoke about the milestones of CPC establishment and development,
emphasizing the synchronicity in the development of the CPC project and the
Kashagan field production project. “This clearly demonstrates that it was the
CPC project that gave a significant impetus to the development of oil
production in the Caspian Sea, created a surplus of capacity to receive
additional volumes of oil and ensured the most favorable economic conditions
for transportation”, - pointed out Nikolay Gorban.
The first oil
batch from Kashagan entered Tengiz-Novorossiysk pipeline system on 13 October
2016. By today, CPC has already transported almost 90 mln tons. The Consortium
expects to transport from Kashagan field
18 million tons in each of the years - the current year 2023 and the next year
- 2024.
“As the
international Consortium’s founders aspired, the Tengiz-Novorossiysk trunk pipeline has been
and remains the safest, logistically aligned and cost-efficient route for
delivery of Caspian oil to the world markets”, - emphasized Nikolay Gorban.
For information:
CPC Pipeline System is one of the major
investment projects with foreign capital in energy sector in the CIS. The
length of the Tengiz – Novorossiysk pipeline is 1,511 km. This route transports
over two-thirds of all Kazakhstan export crude, as well as crude from Russian
oil fields, including those in the Caspian Region. CPC Marine Terminal is
equipped with three Single Point Moorings (SPM) that allow to load tankers
safely at a significant distance offshore, also amid poor weather conditions.
CPC Shareholders: Federal Agency for State
Property Management represented by Transneft (trust management) – 24%, CPC
Company – 7%, KazmunayGas – 19%, Kazakhstan Pipeline Ventures LLC – 1.75%,
Chevron Caspian Pipeline Consortium Company – 15%, LUKARCO B.V. – 12.5%, Mobil
Caspian Pipeline Company – 7.5%, Rosneft-Shell Caspian Ventures Limited – 7.5%,
BG Overseas Holding Limited – 2%, Eni International N.A. N.V. S.ar.l. – 2% and
Oryx Caspian Pipeline LLC – 1.75%.