ENI Plans to Double Karachaganak Output

ENI expects to double production at its Karachaganak oilfield in Kazakhstan by mid-2003 thanks to infrastructure improvements. "We are completing important infrastructures to treat and transport liquids to European markets," ENI Chief Executive Vittorio Mincato said. The treatment system and a pipeline linking Karachaganak to the Caspian Pipeline Consortium will double output from 150,000 to 300,000 barrels of oil equivalent a day by mid-2003.

Partners in Karachaganak are British Gas with 32.5%, ENI with 32.5%; ChevronTexaco holds 20% and Lukoil holds the remaining 15 percent.

Mincato said ENI would also shortly prepare to begin drilling at Kalamkas, another Kazakh oilfield. ENI is also building two artificial islands in Aktote and Kairan in the Caspian Sea and will start preliminary drilling in 2003.


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