In June 2015 the restructuring the North Caspian Project Operating Model was completed by means of the accession to North Caspian Operating Company N.V. (“NCOC NV”) of North Caspian Operating Company B.V. (“NCOC BV”) and NC Production Operations Company B.V. (“NCPOC”). NCOC NV became the universal successor of NCOC BV and NCPOC and formally became operator under the NCSPSA. Assets within the 5,600 square kilometer NCSPSA contract area include the giant Kashagan field, one of the largest petroleum developments in the world. Other assets include the Kalamkas, Aktoty and Kairan fields.
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