ANOTHER KAZAKH MEGAPROJECT LINED UP

Agip SpA and British Gas plc (BG) have signed an exclusive protocol of intent with Kazakhstan for joint further development of supergiant Karachaganak oil and gas/condensate field and related work in the Uralsk region of the former Soviet republic. The deal ultimately could mean an outlay of $6 billion during a 10 year period to boost production in the field, on stream since 1986, by drilling wells and implementing advanced recovery techniques. Reserves currently are pegged at more than 20 tcf

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