Kazakhstan and Exxon Eye Next Phase of Kashagan—Despite Legal Crossfire

Kazakhstan and Exxon Eye Next Phase of Kashagan—Despite Legal Crossfire

Kazakhstan’s government has reopened talks with ExxonMobil about expanding the Kashagan oil field—the massive Caspian Sea development once hailed as the world’s biggest oil discovery in 30 years. The discussions reportedly include tapping undeveloped western sections of the reservoir and could be linked to Exxon’s Tengiz license, which expires in 2033. The timing is interesting. Kazakhstan just spent the better part of this year in court with th…

Kazakhstan Holds Talks With Exxon About Kashagan Oil Field Expansion

Kazakhstan is in talks with Exxon Mobil Corp. about tapping the undeveloped part of the giant Kashagan oil field, said people familiar the matter.