North Caspian Operating Company
From Kazakhstan Encyclopedia
North Caspian Operating Company (NCOC) is an operating company for the North Caspian Sea Production Sharing Agreement (NCSPSA). NCOC is based in Atyrau, Kazakhstan. The agreement includes seven companies consisting of KazMunayGas, Eni, ExxonMobil, Royal Dutch Shell, Total S.A. (16.81% each ), China National Petroleum Corporation (8.4%) and Inpex, (7.56%).
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 is expected to start 23 October 2016 with an initial production of 75,000 barrels per day.
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