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Caspian Services Inc (CSSV) RSS Feed

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Caspian Services Inc.
257 East 200 South
Suite 340
Salt Lake City, UT 84101
United States - Map
Phone: 801-746-3700
Web Site: www.caspianservicesinc.com

Caspian Services Inc.(CSI, the Company) is a recognized leader in the Republic of Kazakhstan for providing quality, cost effective solutions to a number of the challenges inherent in Kazakhstan’s oil industry. CSI offers a growing slate of services to oil and gas exploration companies operating on land and is a recognized industry leader in Kazakhstan’s offshore marine services industry. Currently, the Company’s major emphasis is on the developing offshore oil industry and its related infrastructure requirements as well as the provision of marine and land based seismic services.

Since its inception in 1999, CSI has grown from a single marine vessel service provider into a diversified service company with a headcount of over 500 employees engaged in three distinct service lines:

• Offshore Marine Services
• Seismic Acquisition Services
• Infrastructure Development

The Company provides offshore marine services through Caspian Services Group Limited; seismic acquisition services are provided by Caspian Geophysics Limited and its two subsidiary companies, Tat Arka LLP and Kazmorgeophysica with infrastructure development assets being owned and operated by Caspian Real Estate Limited.

Caspian Services Inc. has organized its businesses in such a way as to effectively deliver the support services required by oil and gas exploration and development companies. The energy companies operating in Kazakhstan’s oil industry have highly technical needs and that are immediate by nature. Caspian Services Inc. is well positioned to meet those demands by delivering a track record of performance ‘on demand’.

The company’s subsidiaries and interests have their own unique markets and specialties in the region. Together they make Caspian Services Inc. the leading multi faceted service company in Kazakhstan’s quickly evolving oil industry. 

 

Investor Enquiries
 
9th Floor, 29/6 Satpaev Street
Rakhat Palace Hotel
Almaty 050040
Republic of Kazakhstan
Tel: +7 727 250 8477 or 8478 or 8480
Fax: +7 727 250 8479

 
257 East 200 South
Suite No.: 340, Salt Lake City
Utah, 84111, USA
Tel: +1 801 746 3700
Fax: +1 801 746 3701
Mr. Terrance J. Powell, Vice-President Investor Relations
Email: invenquiries@caspianservices.kz

 
17.11.2008 Caspian Services, Inc. Annouunces Appointment of New President and CEO
23.09.2008 Caspian Services Inc. Subsidiary awarded offshore seismic acquisition contract
08.09.2008 Caspian Services Inc. Places $15 million in convertible notes
18.01.2008 Caspian Services Inc. Announces Full Year 2007 Results
05.12.2007 Caspian Services, Inc. breaks ground on its Marine base development project
01.08.2007 Caspian Services Inc. Announces Third Fiscal Quarter 2007 Results
31.07.2007 Caspian Services Inc. raises $25.3 million in private placement to proceed with construction of atash Marine base
12.07.2007 Caspian Services, Inc. provides additional vessels to the veritas Caspian LLP seismic data bank project
06.07.2007 EBRD agrees to increase its financial commitment to the Caspian Services, Inc. Marine Base development project
04.04.2007 Caspian Services, Inc. Subsidiary awarded $5.1 million seismic acquisition contract
28.03.2007 Caspian Services, Inc. Adds seismic source vesselto its fleet
09.03.2007 Caspian Services Inc. Files first quarter 2007 financial results – Continued Strong Growth in Revenue
08.02.2007 Caspian Services, Inc. Agrees to Sell Interest in Chagala Hotel
25.01.2007 Appointment of new Chief Financial Officer
17.01.2007 Caspian Services, Inc. Files 2006 annual report
16.01.2007 EnerCom, Inc. Announces Presenting Companies for The Oilservice Conference V(TM) February 15-16, 2007
04.01.2007 Caspian Services, Inc. Charters Three Vessels to Reservoir Exploration Technology ASA
02.01.2007 Caspian Services, Inc. Announces Plans to Construct Vessel Maintenance Facility
21.12.2006 Caspian Services, Inc. Charters three vessels to reservoir exploration technology ASA
04.12.2006 Vessel Maintenance and Repair Facility
16.11.2006 Veritas Caspian LLP Announces Successful Completion of 2006 Work Program
12.10.2006 Caspian Services, Inc. Appoints New Fleet Manager
21.08.2006 Caspian Services, Inc. Announces Continued Growth in Geophysical Survey Activities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Marine Services
 

Baskunchak

 

Caspian Dinara

 

Caspian Eva

 

Caspian Maria

 


Caspian Galiya

 

Caspian Raushan

 

Coastal Bigfoot

 

CS Carmen
 

The Republic of Kazakhstan has attracted significant foreign investment and interest of late as a result of its substantial hydrocarbon potential. With 7-9 billion barrels of recoverable oil being attributed to the Kashagan discovery alone it is easy to understand the excitement. However, Kazakhstan’s north east Caspian waters are extremely shallow and place a significant premium on the need for a shallow draft fleet and the experience to manage and operate one.

With a fleet of 15 shallow draft vessels ranging from accommodation and work barges capable of entering waters as shallow as 1.7 meters to marine seismic source vessels capable of working in waters 2 meters deep, Caspian Services Inc. is at the forefront of the industry in the Republic of Kazakhstan. Every vessel in our fleet meets international safety standards as well as the demanding environmental standards of the Republic of Kazakhstan. Our crews include some of the most experienced sailors in Kazakh waters and our senior management understands the demands and expectations of the oil and gas industry.


CS Marina

 

Sara Maatje Elf

 

Sara Maatje XII

 

Caspian Spider


Caspian Kyra

Geophysical Services

Tat-Arka LLP
 
 


 


 

 

Global oil supply and consumption concerns have again placed a high premium on seismic services and their role in securing new reserves through new discoveries. Caspian Services Inc., as part of its portfolio of services, is at the forefront of this industry in the Republic of Kazakhstan through its two subsidiary seismic companies, Tat-Arka LLP and JSC Kazmorgeophysica.

Tat-Arka LLP, a wholly owned subsidiary of Caspian Services Inc., enjoys a strong reputation in Kazakhstan for providing quality seismic acquisition services for both international and local oil and gas exploration companies. Tat-Arka LLP specializes in onshore seismic surveys and to date has focused its work on the oil rich western regions of Kazakhstan.

In 2006, Tat Arka LLP expanded its capabilities in the country through the addition of a second fully independent crew. Tat-Arka has also invested heavily in the professional qualifications of its staff as well as in its technical equipment. The company employs the most experienced specialists in the geological-geophysical sector of Kazakhstan’s Oil industry. Specialists have at least 5 years experience working at Kazakhstan oil and gas fields and most specialists have successfully completed training courses with foreign companies. Tat-Arka operates its own technical equipment (Input/Output Vibrators, Sercel 408 systems, etc.). This quality service ability sets Tat-Arka apart from its competition and has positioned the company as the seismic company of choice for both international and domestic clients.

 

Tat-Arka LLP equipment includes:

  • Seismic vibrators AMG and NOMAD
     
  • Telemetric seismic stations I/O, Sercel
     
  • Seismic station for uphole crew
     
  • Satellite geodesic systems (GPS)
     
  • Equipment for explosive operations
     
  • Radio communication Motorola Icom
     
  • Track-type vehicles
     
  • Support vehicles
     
  • Field camp for 150 persons equipped in accordance with international standards
     
  • Satellite phone stations
     
  • Field computer system for quality control and analysis.
     

 
 


 


 

JSC KazMorGeophysica
 


 


 


 

Marine seismic acquisition is one of the most challenging aspects of the international oil and gas industry. Kazakhstan’s sector of the Caspian Sea has been a focus of the industry since the discovery of the super giant Kashagan deposit (est.7-9 billion barrels recoverable) in the north east section of the Caspian. Since Kashagan’s discovery, Kazakhstan’s Caspian waters have been a major focal point for major oil and gas exploration companies from around the world. Kazmorgeophysica, a 51% owned subsidiary of Caspian Services Inc., is a key player in this exciting new region.

JSC Kazmorgeophysica specializes in transition zone, shallow water and offshore seismic acquisition for international oil and gas exploration companies. The company uses modern equipment and technologies for field operations and processing. Marine operations in the Kazakh sector of the Caspian Sea are provided by Sercel 428 and Fairfield. Marine vessels for data acquisition are provided by Caspian Services Group Ltd, a Caspian Services Inc. company, which specializes in shallow water and transition zone.

Veritas Caspian LLP

Veritas Caspian LLP, a 50/50 joint venture between JSC Kazmorgeophysica and CGG Veritas, is an exciting step forward for both Caspian Services Inc. and the Republic of Kazakhstan.

Officially named the 'State Geophysical Survey of the Republic of Kazakhstan', the project is intended to create a data library which has proven to be a powerful tool in helping government bodies to attract investment into their respective oil and gas sectors. It is highly cost effective and, when coupled with a well organized and robust licensing regime, is enormously attractive to the international oil and gas industry. Veritas Caspian LLP continued its work program in 2001 with 2D seismic acquisition being conducted over more of the Kazakh sector of north east Caspian Sea. Veritas Caspian LLP expects to acquire roughly 3,000 km of 2D seismic data over the most northern part of the Kazakh sector of the Caspian in 2007.


 
 
 

Infrastructure Development

Bauta Water Desalinations Plant
 


 


 

The Port of Bautino has grown significantly in importance over the last few years as a result of the offshore oil finds in the Kazakh sector of the north Caspian Sea. The port is of strategic importance given its proximity to the current offshore development and the fact that it is the most northern naturally ice free port on the Kazakh coast line in the winter. By virtue of this double geographical blessing, the Port of Bautino has become the staging point for the oil industry in the busy summer work months as well as a safe harbor for vessels in the winter months when ice covers the north east Caspian.

Caspian Services Inc., through its 56% ownership of CJSC Bauta, operates a desalination plant and water bottling operation in the Port of Bautino. The plant provides drinking water supplies for crews operating the vessels supporting the offshore infrastructure construction, oil and service companies working in the area as well as the Chagala Hotel in Bautino Bay. CJSC Bauta also supplies drinking water in bulk to the local community at cost as part of its own efforts to support and assist the local community.



 


 
Marine base development
 


 


 


 

In 2005, through its subsidiary Balykshi LLP, Caspian Services Inc. acquired a five hectare (approximately 12 acre) parcel of undeveloped real property located in the port of Bautino, on the Caspian Sea. The property is a safe harbor for vessels in the winter months, when ice covers the north-east Caspian, and is an ideal location for a marine base. This base will offer support services to the vessels currently working the waters of the Kazakh sector of the Caspian Sea. The company completed feasibility studies, environmental and social impact surveys and facility designs for the base. These studies and surveys were all reviewed and approved by the relevant Kazakh authorities. In November 2007, the company received construction approvals for the first phase of works, including earth works, break water and dredging.

The cost to build the marine base will be approximately $80 million. These costs will be funded through a combination of debt financing in the amount of $32 million and cash equity financing in the amount of $39.8 million, of which $10.1 has already been contributed by the company for the initial feasibility studies, preliminary construction costs and materials. The European Bank for Reconstruction and Development (EBRD) has provided a loan of $32 million and has also agreed to make an equity investment of $10 million, in exchange for a 22% equity interest in Balykshi LLP. In July 2007 the company raised net proceeds of approximately $24 million. These funds will primarily be used to meet the contributed capital requirement.

Construction commenced in late November 2007. The company expects the initial phase of the marine base facilities, including dredging, breakwater, wharf front and general site area to be completed and operational by December 2008, with final completion of the base occurring by November 2009.

 

ESIA Executive Summary


 


 

Financial Statements
 
Audited Financial Statements from the EMPS Annual Report for Dec 31, 2002 and 2001
Audited Financial Statements from the EMPS Annual Report for Dec 31, 2003 and 2002
Audited Financial Statements from the EMPS Annual Report for Dec 31, 2004 and 2003
Audited Finanical Statements from the Caspian Services Inc Annual Report for Sep 30, 2005 and 2004
Audited Financial Statements from the Caspian Services Inc. Annual Report for Sep 30, 2006 and 2005
Audit Financial Statements from the Caspian Services Inc. Annual Report for Sep 30, 2007 and 2006
Annual Report 2006
Annual Report 2007

SEC Filings



 

New 12/18/09  CSSV Marine Base slideshow

http://s751.photobucket.com/albums/xx158/spec_machine/CSSV%20new%20marine%20base%202009/

 

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