So, the Kashagan field finally enters production. Time to dig up this topic!
http://www.epmag.com/kashagan-oil-field ... 846#p=fullThis is a fine example of a project which investment will be difficult to recover. Of course, it doesn't affect production of the 20 wells that are due to come online and produce 370kb/d in the end of 2017.
But future investment could be subject to cautious decision from the consortium in charge of the field. They don't want to relive the nightmare they had to go through. It will be interesting to follow the development of the last "super-giant" discovery.
Fitch said it is possible that the consortium will delay making decisions on potential expansions. Or, the project may not go forward at all “if oil prices do not rebound more strongly from current levels, given the project complexity and the more conservative approach to mega-projects by the majors.”