- Exxon Mobil (XOM) reportedly is prepared to take over as operator of the Kashagan field in an effort to fix the beleaguered $50B project offshore Kazakhstan.
- Discussions are continuing but Exxon could be appointed as soon as at the end of June, the publication Nefte Compass quoted a senior Kazakh official as saying.
- Kashagan production started last September after numerous delays but was halted in October after the discovery of gas leaks in the pipeline network, and output may not restart until 2016.
- The other Kashagan shareholders are Eni (E), Shell (RDS.A, RDS.B), Total (TOT) and Kazakh state oil company KazMunaiGas, each with 16.8%, and Japan's Inpex and China National Petroleum (PTR) as junior partners.
From other sites
Exxon Mobil : ExxonMobil Awards License to EON Reality For Immersive 3D Operator Training Simulator Technologyat 4-traders.com (Mon, 10:01AM)
at MarketRealist.com (Mar 23, 2015)
at Nasdaq.com (Mar 23, 2015)
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