Baku, Azerbaijan, August 13
By Fakhri Vakilov- Trend:
Within the Future Expansion Project, Kazakh-American JV Tengizchevroil (TCO) will increase oil production by about 12 million tons per year or 260,000 barrels per day, Trend reports with reference to the company.
The total production of black gold will be about 39 million tons per year or 850,000 barrels per day.
“In 2016, the TCO partners announced the approval of the final decision on financing the Future Expansion Project - Wellhead Pressure Management Project (FEP-WPMP), which is the next stage of the large-scale expansion of production capacities of the Tengiz field. The WPMP will ensure full utilization of the processing capacities of the plants operating at Tengiz by reducing the wellhead pressure of flowing wells and increasing the pressure at the inlet of six existing integrated production lines,” TCO said.
The TCO design has been performed by 90 percent. The main equipment for FEP-WPMP is manufactured in Kazakhstan, South Korea and Italy. After installing the equipment in modules, the latter are transported to the Tengiz field for final assembly and installation.
Modular and Prefabricated Bridges (MPB) are being installed at the Yersai production site in Kazakhstan. To date, 51 MPBs have been delivered to the Tengiz field. All five gas turbine generators (GTG) were shipped from the production site in Avenza (Italy). In South Korea, work continues on the manufacture of modules. To date, 34 modules have been shipped from the production site in Korea.
In Tengiz, work is underway on the construction of an integrated production management center (INMP), which will become the main management center for the entire Tengiz field.
The construction of control and power supply systems and installation works at the Bazovoy substation are nearing completion. Soon, the substation will be ready for voltage. The collection system group is working to launch the first phase of the high pressure collection system.
Tengizchevroil is a joint venture engaged in the development, production, and marketing of oil and related products. It is the largest oil producer in Kazakhstan.
The company was founded on April 6, 1993 by the former President of Kazakhstan Nursultan Nazarbayev and the US company Chevron.
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