Kashagan

Confirmed: A New Name of Kashagan Venture

Effective from 29th October 2014, following the legal ownership shares transfer, the name of Agip KCO N.V. will be changed to NCOC N.V..

The next steps will include a legal merger between the current Operator – NCOC B.V. and NCPOC B.V., with NCOC N.V. (which is the current Agip KCO).

As Kashagan Today reported earlier, the Kashagan Consortium intends to change the operating model in 2015 year by creating a joint company.

The SPSA gradually moves from the current operational model to a single joint company. The process of transition to a new organizational model started this (2014) year and will complete it in the next (2015) year.

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