Eni sees Kashagan output starting around the mid-2013

4/25/2013

Eni sees Kashagan output starting around the mid-2013

BY LIAM MOLONEY

MILAN -- Eni expects the massive Kashagan oil field in Kazakhstan to start output around the middle of the year, said Claudio Descalzi, the Head of exploration and production.

The Kashagan facilities "will be ready to receive first oil by June" and production is expected to start in those "weeks" said Mr. Descalzi on a conference call to comment on 1Q results.

Eni forecasts the company's daily output from Kashagan this year will average between 10,000 and 15,000 bbl, added Mr. Descalzi.

Kashagan, which includes oil majors such as Exxon Mobil and Shell, is years behind initial schedule and has had cost overruns worth billions of dollars.

Dow Jones Newswires

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