BAKU, Azerbaijan, July 7
By Nargiz Sadikhova - Trend:
The commissioning of the Tengiz growth projects was postponed, Trend reports citing Kazakh media.
The report said that the launch of expansion facilities at the Tengiz oil field was postponed for a period of three and seven months: the projected launch date of Wellhead Pressure Management Project facilities is March 2023, of Future Growth Project is November 2023.
According to TCO's preliminary calculations, the total cost of the project remains within the approved cost ($45.2 billion), due to the optimization of project costs that was carried out earlier in 2020 and later in 2021.
At the same time, TCO will continue to monitor the actual progress of the work during the spring-summer construction campaign in 2021, which will show how accurate the results of the work carried out are.
As of June 1, 2021, the project costs amounted to $35.7 billion.
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.
FGP will expand production by approximately 12 million tons per year (260,000 barrels per day) to about 39 million tons per year (850,000 barrels per day).
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.
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