BAKU, Azerbaijan, Aug. 12
By Nargiz Sadikhova - Trend:
Kazakhstan’s Tengizchevroil (TCO) continues to work through COVID-related challenging circumstances, Trend reports with reference to the company.
TCO said that like many other companies in Kazakhstan and around the world, it 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 the business.
The company noted that of 1H 2020, the Future Growth Project – Wellhead Pressure Management Project (FGP-WPMP) project was completed by 78 percent complete and TCO is taking actions to safely execute key activities to continue advancing the project.
“As of end of 1H 2020, fabrication in South Korea is now complete, with all modules sailed away. All modules are either in Tengiz or in transit. Project Sealift 2020 Program is progressing with 44 modules delivered via Cargo Transportation Route (CaTRo) and 32 modules already on site in Tengiz,” the company said.
Furthermore, critical path activities are progressing across all project construction sites.
“Pre-commissioning works commenced on Integrated Operations Control Center. Modules staging is ongoing on Third Generation Plant (3GP) and Third Generation Gas Injection (3GI) site,” the company added.
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).
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