BAKU, Azerbaijan, May 15
By Nargiz Sadikhova - Trend:
Tengizchevroil (TCO) company, which operates Tengiz oil and gas field in Kazakhstan has produced 7.6 million tons of crude oil in 1Q2020 (60.6 million barrels), Trend reports with reference to the company.
TCO sold over 358,000 metric tons of LPG in 1Q2020, as well as 2.1 billion cubic meters of sales gas and over 692,000 tons of sulfur.
TCO also spent $1 billion on procurement of Kazakh goods and services in 1Q2020, including $697 million for Future Growth Project - Wellhead Pressure Management Project (FGP-WPMP) implementation.
“Like many other companies in Kazakhstan and around the world, TCO continues to work through challenging circumstances and take prudent measures to protect the health and safety of the workforce and to minimize the impact of COVID-19 on our business,” the company said.
The FGP-WPMP project is currently 77 percent complete and TCO is taking actions to safely execute key activities to continue advancing the project.
“As of 1Q2020, 66 modules sailed away from South Korea. At a Third Generation Plant (3GP) mechanical, electrical and instrumentation work is progressing, four modules were set on foundation. Work continues on Maintenance and Operations Area as well,” the company said.
The company also noted that while critical path construction activities proceed, the decision to temporarily demobilize non-critical-path personnel to reduce the exposure of the workforce to COVID-19 was made.
The Tengiz oil field was discovered in 1979 and is one of the biggest and deepest oil fields in the world. The total explored reserves of Tengiz reach 3.2 billion tons, while recoverable reserves range from 890 million tons to 1.37 billion tons.
In 1993, Tengizchevroil LLP, which is the project operator, was established on the basis of an agreement between Kazakhstan and Chevron. Presently, Tengizchevroil includes Chevron (50 percent), ExxonMobil Kazakhstan Ventures Inc. (25 percent), KazMunayGas (20 percent) and LukArco (5 percent).
---
Follow the author on twitter: @nargiz_sadikh