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News 19 Jan. 2016
Astana, Kazakhstan, January 19, 2016 – Curtis, Mallet-Prevost, Colt & Mosle LLP represented the Republic of Kazakhstan in negotiations with the North Caspian Sea Consortium under the North Caspian Sea Production Sharing Agreement (NCSPSA) relating to the giant Kashagan oil field.
The negotiations resulted in the signing of an agreement on December 30, 2015 which implements and amends a Settlement Agreement signed in late 2014 to resolve a number of operational, financial and environmental matters. Following the signing of the new agreement, the Authority under the NCSPSA approved Amendment 5 to the Kashagan Development Plan and Development Budget.
The NCSPSA Contracting Companies are: 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. North Caspian Operating Company N.V. is the delegated Operator of operations under the NCSPSA on behalf of the Contracting Companies.
The Curtis team of lawyers handling the negotiations was led by partner Eric Gilioli along with associates Nurlan Mukhitdinov and Veronica Akimkanova. Partners Askar Moukitdinov (Kazakh law issues), Andrew Otis (environmental matters) and Benard Preziosi (arbitration questions) led in their respective areas.
Curtis, Mallet-Prevost, Colt & Mosle LLP (Curtis) is a leading international law firm providing a broad range of services to clients around the world. The firm operates through 17 offices in the United States, Latin America, Europe, the Middle East, and Central and East Asia. For more information about Curtis, please visit www.curtis.com.
Notes to Editor Curtis, Mallet-Prevost, Colt & Mosle LLP is a New York limited liability partnership with affiliated partnerships and entities operating in the United States (New York, Washington and Houston), Argentina, China, England & Wales, France, Germany, Guernsey (Channel Islands), Italy, Kazakhstan, Mexico, Oman, Turkey, Turkmenistan and United Arab Emirates.
Eric L. Gilioli
Askar N. Moukhitdinov
Benard V. Preziosi Jr.