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NEWS

December 18, 2014
Curtis Advises Kazakhstan in New Agreement to Advance Kashagan Project

 

Astana, Kazakhstan, December 18, 2014 – The firm advised the Republic of Kazakhstan in connection with a settlement agreement on December 13 with the consortium developing the Kashagan oil and gas field.

The consortium consists of Agip Caspian Sea B.V., CNPC Kazakhstan B.V., ExxonMobil Kazakhstan Inc., Inpex North Caspian Sea, Ltd, KMG Kashagan B.V., Shell Kazakhstan Development B.V. and Total E&P Kazakhstan. The Kashagan field is one of the largest oil discoveries of the last 40 years.

The agreement settled a number of operational, financial and environmental matters that have arisen over the last several years. The terms of the agreement are confidential.

Curtis represented Kazakhstan utilizing a team of lawyers from its offices in New York and Kazakhstan. The negotiations were led by partners Eric Gilioli and Askar Moukhitdinov, together with associates Nurlan Mukhitdinov and Veronica Akimkanova.  Arbitral matters were led by partner Mark O'Donoghue, together with associates Yerzhan Mukhitdinov and Gamila Kassem. Environmental matters were led by partner Andrew Otis.

Curtis, Mallet-Prevost, Colt & Mosle LLP is a leading international law firm providing a broad range of services to clients around the world. Curtis currently has 17 offices in the United States, Latin America, Europe, the Middle East, and Central and East Asia. The firm’s international orientation has been a hallmark of its practice for nearly two centuries. For more information about Curtis, please visit www.curtis.com.

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