Kazakhstan’s troubled giant offshore Kashagan field is set to see a revamp of the management model in the next several months, but will not change conditions of the field’s production sharing agreement (PSA) and its shareholding structure, the Kashagan operator NCOC said in a statement Monday. Earlier this month, Kazakhstan’s oil and gas minister Uzakbay Karabalin told local media that the ministry was dissatisfied with Kashagan’s rising costs and slow decision-making processes and expected the project’s management system to become more efficient after the planned revamp. “No changes to the PSA and/or the NCSPSA [the North Caspian Sea Production Sharing Agreement] ownership structure are envisioned as a result of the planned transition,” NCOC said in a statement. An NCOC spokesman denied last week’s report by the Nefte Compass publication that US major ExxonMobil is to take over as Kashagan’s effective operator from Italy’s Eni. […]