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KPOC serves as a nerve centre and houses representatives of departments of the port.
KPOC, composed of PETRONAS Carigali Sdn Bhd (40%), ConocoPhillips Sabah Gas Ltd (30%) and Shell Energy Asia Limited (30%), will operate the Kebabangan field.
Aviv, speaking at the February KPOC meeting, identified several actions that could begin to alleviate these problems--and to raise the reputation of the sector.
KPOC's plan is for plateau production from 2006 to be 300,000 b/d of oil and condensate and over 15 BCM/year of gas.
The plan called for construction of a 6m t/y condensate refinery and gas processing facility at Karachaganak which will cost $400m and enable KPOC to end its dependence on a Russian processing plant at Orenburg, across the Russian border.
A 460 km pipeline to link up with CPC's will be built for KPOC, which will enable it to raise production to 195,000 b/d of liquids and 1 BCF/day of gas by 2002.
Later Gazprom took MunaiGaz's 15% stake on the understanding that the Russian monopoly would help KPOC secure a good export outlet for the field's production.
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