Shell shuts Caspian office, $50bn Kashagan project on ice

May 26, 2011

Royal Dutch Shell will shut its Caspian office for the giant Kashagan oil field at the end of this month, effectively putting the crucial £30bn ($50bn) project on ice for at least two years.

The move followed the Kazakh government’s decision to reject a new lower-cost design for the crucial main development phase of the oilfield which has the potential to produce more than 1m barrels a day.

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Bron: The Telegraph, 24 mei 2011

Foto: ENI