Chevron planning growth project at Tengiz field

Tengizchevroil LLP (TCO), an affiliate of Chevron Corp., expects to enter front-end engineering and design (FEED) in 2012 for an expansion project to increase total daily production between 250,000 and 300,000 bbls at the Tengiz field in Kazakhstan.

The Future Growth Project (FGP) will utilise sour gas injection technology used in existing operations. An early estimate of the total project cost is in the US$ 6 - 8 billion range. The upcoming FEED work will refine the estimate range.

TCO is also undertaking an ongoing drilling program and has entered FEED on a well-head pressure management project to support current operations.

An early estimate of the total project cost for the trio of projects is in the US$ 20 - 25 billion range.

Chevron has a 50% interest in Tengizchevroil. Other partners are KazMunaiGas, 20%; ExxonMobil Kazakhstan Ventures Inc., 25%; and LUKArco, 5%.

Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/15022012/chevron-planning-growth-project-at-tengiz-field/