Baku, Azerbaijan, Aug.8
By Leman Zeynalova – Trend:
Kazakhstan’s Tengizchevroil (TCO) oil company has reduced the volume of unplanned gas flaring by 99 percent, the company told Trend.
“Investments in equipment reliability have reduced the number of technical malfunctions at the plants and the volume of unplanned sour and acid gas flaring during technological unavoidable gas flaring by 99 percent from 2000 to 1H 2018,” said TCO.
The company said that total air emissions generated per tonne of oil produced have been reduced by 73 percent since 2000, even as annual crude oil production has grown by 2.7 times as a result of TCO’s investments in capital programs and equipment reliability.
TCO has invested $3 billion since the year 2000 on projects to minimize environmental impact.
TCO’s current gas utilization rate is over 98 percent.
Tengizchevroil is situated in a license area of 2,500 square kilometers or 1,600 square miles, which includes the super-giant Tengiz field and the smaller but large in reserves Korolevskoye field, as well as several areas promising for exploration.
The recoverable oil reserves of Tengiz and Korolevskoye range between 890 million and 1.37 billion tons.
Tengiz, the world’s deepest producing super giant oil field, was discovered in 1979. The Tengizchevroil (TCO) partnership was formed on April 6, 1993, between the Republic of Kazakhstan and Chevron.
Current partners are Chevron, 50 percent; KazMunayGas, 20 percent; ExxonMobil Kazakhstan Ventures Inc., 25 percent; LukArco B.V., 5 percent.
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