Royal Dutch Shell Plc  .com Rotating Header Image

Shell gives up Kazakh oil field development

English translation of an article published by beursonline

“Shell gives up Kazakh oil field development”

Posted on Sep 26, 2019 at 4:49 PM | Reactions: 2

THE HAGUE (AFN) – Shell is currently refraining from developing an oil field in Kazakhstan. So far, the oil and gas giant has failed to make the Kalamkas-Sea oil field in the north of the Caspian Sea profitable. Insiders say that to press agency Bloomberg.

Shell is working with industry peers such as the Italian company Eni on the development of Kalamkas-Sea. The efforts of energy companies to reduce the costs of the project failed. In order to continue the development on Kalamkas-Sea, Shell and industry peers must still find a way to realize the development more cheaply.

Kalamkas-Sea is one of the five oil fields in the oil-rich area of Kashagan and could have been operational in 2027 according to earlier plans. Shell and its cooperation partners have now invested 50 billion dollars in the development of these oil fields.

SOURCE

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.