North Caspian Operating Company (NCOC) is an operating company for the North Caspian Sea Production Sharing Agreement (NCSPSA). NCOC is based in
Atyrau,
Kazakhstan
Kazakhstan, officially the Republic of Kazakhstan, is a transcontinental country located mainly in Central Asia and partly in Eastern Europe. It borders Russia to the north and west, China to the east, Kyrgyzstan to the southeast, Uzbeki ...
. The agreement includes seven companies consisting of
KazMunayGas,
Eni,
ExxonMobil,
Royal Dutch Shell
Shell plc is a British multinational oil and gas company headquartered in London, England. Shell is a public limited company with a primary listing on the London Stock Exchange (LSE) and secondary listings on Euronext Amsterdam and the New Yo ...
,
Total S.A.
TotalEnergies SE is a French multinational integrated energy and petroleum company founded in 1924 and one of the seven supermajor oil companies. Its businesses cover the entire oil and gas chain, from crude oil and natural gas exploration and ...
(16.81% each ),
China National Petroleum Corporation (8.4%) and
Inpex
INPEX (Invention and New Product Exposition) is America's largest invention trade show, held since 1985 and organized by the invention promotion firm InventHelp. The annual show is held each June in Pittsburgh, Pennsylvania.
INPEX provides a fo ...
, (7.56%).
Company
NCOC was created in 2009 taking responsibilities from
Agip
Agip (''Azienda Generale Italiana Petroli'', en, General Italian Oil Company) is an Italian automotive gasoline, diesel, LPG, lubricants, fuel oil, and bitumen retailer established in 1926. It has been a subsidiary of the multinational petroleu ...
KCO. The offices of NCOC are in Atyrau, Kazakhstan. As of July 2015, the company employed 2584 personnel.
Production
Production began on 11 September 2013 and was halted on 24 September 2013 after experiencing pipe failures. The project went through a complete pipe replacement. Production from the
kashagan field
Kashagan Field ( kk, Қашаған кен орны, ''Qashaǵan ken orny'') is an offshore oil field in Kazakhstan's zone of the Caspian Sea. The field, discovered in 2000, is located in the northern part of the Caspian Sea close to Atyrau and ...
is expected to start 23 October 2016 with an initial production of 75,000 barrels per day.
See also
*
Kashagan Field
Kashagan Field ( kk, Қашаған кен орны, ''Qashaǵan ken orny'') is an offshore oil field in Kazakhstan's zone of the Caspian Sea. The field, discovered in 2000, is located in the northern part of the Caspian Sea close to Atyrau and ...
References
External links
* {{official website, http://www.ncoc.kz/en/ncoc/default.aspx
Non-renewable resource companies established in 2009
Oil and gas companies of Kazakhstan
2009 establishments in Kazakhstan