ASTANA, Kazakhstan, November 4. Askhat
Khassenov, Chairman of the Management Board of KazMunayGas (KMG),
and Peter Larden, Senior Vice President of ExxonMobil, discussed
prospects for multilateral cooperation on major oil and gas
projects, with a particular focus on joint efforts to prevent the
shallowing of the Caspian Sea, Trend reports via KazMunayGas.
During the meeting in Abu Dhabi, the sides also reviewed the
progress of the North Caspian Project, which includes the
development of the Kashagan, Kairan, and Aktoty fields. According
to KMG, 13.6 million tons of oil were produced at the Kashagan
field in the first nine months of 2025, exceeding the planned
target of 13.4 million tons. The full-year production forecast
stands at 18.25 million tons.
Khassenov emphasized the importance of the timely implementation
of measures for the further development of Kashagan, as well as the
need to increase the share of local Kazakh content in this
large-scale project.
The meeting also addressed cooperation in new technologies and
discussed opportunities for multilateral engagement among project
partners to mitigate the shallowing of the Caspian Sea, ensuring
safe offshore operations and the preservation of the region’s
ecosystem.
