Kashagan or Kasha-can't
The Great Kazakh Oil Fail
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  • Boritz

    “mistakes that included underestimating the challenge of corrosive gas,
    making plans that needed frequent revision and not doing the welding
    right. ”

    Except for the welding part it sounds like my country’s government run healthcare.

  • Joseph Blieu

    This is a foolish embarrasing non-disaster. The locals are feeding at the trough, the Kazahk welders get to do it the first time before they call in the guys from Louisiana. Even if the reserves are overestimated a bit $1.50 per barrel is not a high capital burden for oil at the pipehead. Operating labor costs will be low assuming the locals don’t get in the habit of blowing things up.

  • Breif2

    “Kazakh oil would be especially welcome to that last group of customers,
    at a time when Europe’s dependence on Russian oil and gas is being felt
    more keenly than ever.”

    This is known as “static analysis”.

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