Kazakh second-tier oil drilling: small – not always beautiful/IV

Struggles seem to keep oil and gas ventures in Kazakhstan below the scale of global multinationals is business – with the ever-looming risk of pushing them out of business as the three previous examples of Transmeridian, Arawak and Tethys tend to demonstrate. In some cases, the affair simply looks too good.

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Kazakh second-tier oil drilling: small – not always beautiful/III

Business cowboys or heralds of free enterprise? Whatever the case, western oil and gas entrepreneurs outside the global establishment have been tempted by the thought that under the vast plains of Siberia and the lands to its south, there would be a place for everyone.

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Kazakh second-tier oil drilling: small – not always beautiful/I

They came to Central Asia more or less simultaneously with the world-scale multinationals. Of course, some of them used to dream of becoming part of that stratospheric world. Today, caught in the middle, they have to help opening as many oil taps as possible with on the other end of the line cash taps getting tighter and tighter. At least one, Transmeridian, appears to have succumbed.

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