BAKU, Azerbaijan, Feb. 23
By Nargiz Sadikhova - Trend:
Future Growth Project - Wellhead Pressure Management Project (FGP-WPMP) is 80 percent complete and TCO is taking actions to safely execute critical path activities to continue advancing the project, Trend reports citing the Tengizchevroil (TCO) company which operates the field.
The company said that offshore fabrication and logistics scope are complete and all of FGP-WPMP’s remaining work is now focused on construction activities in Tengiz.
“The FGP-WPMP is of national importance and is helping to create a legacy of a trained and skilled local workforce, technology transfer through partnerships with international companies, and upgraded infrastructure in the region,” the company said.
Since the commencement of FGP-WPMP, TCO has spent over $10.7 billion to purchase Kazakhstani goods and services, and approximately 92 percent of the total project workforce are Kazakhstani citizens.
In 2016, TCO Partners announced approval for the final investment decision of the Future Growth Project - Wellhead Pressure Management Project (FGP-WPMP), the next major expansion of the Tengiz oil field.
WPMP will keep the existing Tengiz plants full by lowering the flowing pressure at the wellhead and then boosting the pressure to the inlet requirements of the six existing processing trains.
In 1993, Tengizchevroil LLP was established on the basis of an agreement between Kazakhstan and Chevron. The company operates the Tengiz oil field in Kazakhstan.
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.
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