| Contract area (block) | Project status | Venture company (established) | Interest owned |
|---|---|---|---|
| Offshore North Caspian Sea | In production | INPEX North Caspian Sea, Ltd. (Aug. 6, 1998) |
|
INPEX acquired an interest in the Offshore North Caspian Sea Contract Area in Kazakhstan's territorial waters in September 1998. The Kashagan Oil Field is located in the Caspian Sea approximately 75 kilometers southeast of Atyrau, Kazakhstan, where the water depth is 3-4 meters. Crude oil shipments commenced in October 2016. The project has achieved its initial production volume target of 370,000 barrels per day. Currently, work is being implemented to increase the daily production volume to 450,000 barrels per day.
