Outside of Azerbaijan, the giant Kashagan oil field operated by the North Caspian Operating Co. could require additional investment going forward to help increase production. Kashagan came onstream in 2013. However, production was halted due to pipeline corrosion caused by sour gas. Replacement lines with internal cladding will be installed to militate against pipeline corrosion, with installation expected in 2016. Turkmenistan and Russia are also anticipated to see offshore developments in their sectors of the Caspian Sea. For instance, Lukoil’s Vladimir Filanovsky oil field is one of the largest offshore oil fields in Russia and could enter production in 2016. |