Eni Sees Kashagan Producing 370,000 Barrels of Oil a Day by Mid-2017
July 29 2016 - 9:56AM
Dow Jones News
By Eric Sylvers
Eni SpA (ENI.MI) Friday said it sees the long-troubled Kashagan
oil field in Kazakhstan producing 230,000 barrels of oil a day by
the end of this year.
The field, which is slated to begin production in October, will
then ramp up to 370,000 barrels of oil a day by the middle of 2017,
said Antonio Vella, Eni's chief of upstream operations.
Kashagan, which has been developed by Eni in partnership with
Royal Dutch Shell PLC (RDSA) and other oil companies, had been
slated to start production in 2005. The first oil flowed in 2013,
but the field had to be shut down almost immediately due to gas
leaks.
Write to Eric Sylvers at eric.sylvers@wsj.com
(END) Dow Jones Newswires
July 29, 2016 09:41 ET (13:41 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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