International business magazine

Page 106

INVESTOR

Global Experience of Total – Key to Success in Kazakhstan

Interview of Yves-Louis Darricarrère, President of Total Exploration & Production. Could you tell us about main development stages of Total company in Kazakhstan? What assets does your company own in our country currently? otal E&P Kazakhstan was established in 1993, when the Government of Kazakhstan decided to launch the largescale development project in Kazakhstani sector of the Caspian Sea having created the

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Kazakhstan

first national state company f o r o f f s h o r e o p e r a t io n s ”KazakhstanCaspiShelf“. Over 15 years ago, as a par tner of the f irst internat ional consor tium, Total took an active part in the world’s most ambitious seismic acquisition in the northern part of the Caspian Sea. As a result of full-scale geophysical survey in 2000 the gigantic field of Kashagan was discovered. The

project currently operated by NCOC, where Total has its participation share (16.81%). Besides Kashagan project, we have established partner relations with the National Company KazMunayGas on Khvalynskoe f ield and for joint explorations both in Kazakhstan and abroad. We also plan to develop our activity in Kazakhstan as an operator of oil and gas projects.

Currently Total plays the key coordinating role in NCOC which is an operator of the North Caspian project. How does Kashagan development progress? otal does play the key coordinating role in NCOC, since we have an extensive exploration and production e xper ience in technical ly chal l eng ing and e x t r em e condit ions (f or ins t ance ,

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