- Discovered in 2000; project partners are Eni, Total, Shell, XOM (each with 16.8%), KMG (16.9%), CNPC (8.3%), INPEX (7.6%)
- USD50bn spent on Phae 1; production originally expected to start in 2006 but has been plagued by delays and cost overruns
- Production commenced in September 2013, but subsequently shut down due to leaks of hydrogen sulphide from the extensive gas network
- Kazakhstan environment ministry will fine the Kashagan companies USD735m for burning gas emptied from the pipeline - the companies have said they will appeal the fine
- Production not expected to resume until end 2015/early 2016 as much of the pipeline network will need to be replaced due to corrosion
- Phase 1 proven reserves estimated at 3.3bnboe (c.80% oil). Including future phases, total recoverable estimates of 9-13bnboe
- Kashagan partners have said they will need extension to to PSC (expiring 2041) to warrant further investment to lift production to >1mmboepd - Phase 1 production is expected to be at c.450mboepd
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