20 years of cooperation and trust

The 31st Plenary Session of the Foreign Investors’ Council chaired by the President of the Republic of Kazakhstan will be held on June 7, 2018 in Astana.

The topic of the Plenary Session will be "Accelerated modernization".

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Company Profile

eni is a major integrated energy company, committed to growth in the activities of finding, producing, transporting, transforming and marketing oil and gas. It has global operations in 79 countries and employs 80,000 people.

It has adopted a model of Sustainability focused on enhancement and security of its employees and of the communities it works with, environmental protection, technological innovation and research, energy efficiency and fighting climate change.

eni has been included for 2011 in the Dow Jones Sustainability World and Europe and the FTSE4Good indexes.

eni has been present in Kazakhstan since 1992. Main activities are performed in the Karachaganak field onshore in western Kazakhstan and in the area covered by the North

Caspian Sea PSA in the shallow waters of the Northern Caspian Sea. In the medium term eni'sproduction in Kazakhstan is expected to grow due to the contribution of increased gas volumes produced at Karachaganak and the start up of Kashagan.

Karachaganak gas condensate field development:

The Karachaganak field is one of the world’s largest oil and gas condensate fields. Located in north-west Kazakhstan and covering an area of more than 280 square kilometres, it holds an estimated 9 billion barrels of condensate and 48 trillion cubic feet (tcf) of gas.

Since 1997, the Karachaganak field has been developed and operated by Karachaganak Petroleum Operating (KPO), a partnership between four international oil companies: BG Group and eni (co-operators holding 32.5% interest each), Chevron (20%) and LUKOIL (15%).

In December 2011 the Karachaganak consortium agreed that National Oil Company KazMunaiGaz becomes shareholder with 10% interest.

Since the signing of the FPSA, the Joint Venture partners have invested approximately USD 16 billion into developing the field, applying industry leading technology aimed at maximizing sustainable economic value.

In 2011, Karachaganak produced 138.5 million barrels of oil equivalent in the form of stable and unstable liquids, sour gas, and sweet gas for use as fuel. In addition, 8.1 billion cubic meters of sour dry gas was injected into the reservoir, a volume equivalent to approximately 48% of the total gas produced.

Karachaganak has sustained investment in Local Content and was one of the first ventures to implement a vendor development initiative and has currently some 2,700 Kazakh vendors registered on the supplier database. Since beginning of the FPSA, the local content level in all contracts assigned exceeded USD 3 billion.

The Kashagan Project

The Kashagan field, located in the Kazakh section of the Caspian Sea, extends over a surface area of approximately 75 by 45 kilometers. It was discovered in the year 2000 and compares favorably in size to some of the world’s largest known oilfields.

The field is high pressure with high hydrogen sulphide content, around 15%, presenting a unique combination of challenges.

NCOC (North Caspian Operating Company B.V) has been appointed as operator on behalf of the seven consortium members: KazMunayGas, eni, Shell, ExxonMobil, Total, ConocoPhillips and INPEX.

Due to the magnitude and technical and environmental complexities, the Kashagan field will be developed in phases and NCOC has delegated to Agip KCO NV., an eni subsidiary, the responsibility for the execution of Phase I which includes achieving first commercial production.

In conducting its operations, Agip KCO applies the best practices and technologies, looks for best solutions to minimize the generation of discharges and emissions and promotes the use of environmentally-friendly products and services.

Agip KCO is committed to maximizing the participation of Kazakhstani companies in its operations. More than 2,100 local companies have qualified as suppliers to the Kashagan project. Agip KCO has also trained some 2,000 local people in a range of crafts skills to be employed on the project.