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18 июня 2014 13:12
Transition to new Kashagan operator started in May: NCOC
Transition to a new operator of the Kashagan project has started in May 2014, Tengrinews correspondent reports citing an answer of North Caspian Operating Company (NCOC).
It is planned to create a consolidated company that will bear the same name – North Caspian Operating Company (NCOC).
“NCSPSA [North Caspian Sea Production Sharing Agreement] partners signed a memorandum of understanding in 2013. The transition from the existing model to the single consolidated company will not be momentary, but is going to be gradual and multistaged, and start in May 2014,” the press service of the company said.
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