Low Oil Price, Econ Crisis May Cut Kashagan Costs – Shell

Low oil prices and the economic crisis may cut costs of development at Kazakhstan’s largest oil field Kashagan, Royal Dutch Shell PLC’s (RDSA) general manager for the Caspian region said Tuesday.

“The economic situation and low oil prices should allow us to bring the cost down,” Campbell Keir told reporters. “But we’re continuing to invest.”

He said Shell’s annual investment in Kazakhstan was about $900 million.
CNN