Vast Kazakh Oil Field Seen Taking Another Decade to Reach Target

Updated on
  • Kashagan won’t hit Eni’s 2017 output goal until 2020s: WoodMac
  • OPEC heeds Eni’s forecast, raising its non-OPEC supply outlook

Kazakhstan’s giant Kashagan oil field has taken 16 years and more than $50 billion to bring to the verge of production. It could take another decade to reach its potential, with initial output at half the forecast level.

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