...

Chevron to expand investments in Kazakhstan’s Tengiz field dev't

Oil&Gas Materials 6 December 2021 14:45 (UTC +04:00)
Chevron to expand investments in Kazakhstan’s Tengiz field dev't

BAKU, Azerbaijan, December 6

By Nargiz Sadikhova - Trend:

US Chevron will expand investments in Kazakhstan’s Tengiz field development in 2022, Trend reports citing the company.

Thus, it is noted that in 2022, $3 billion of the company’s upstream program is planned for major capital projects underway, of which about $2 billion is associated with the Future Growth Project and Wellhead Pressure Management Project (FGP / WPMP) at the Tengiz field in Kazakhstan.

FGP-WPMP is the next major expansion of the Tengiz oil field, with crude oil production capacity expected to increase by approximately 12 million tons per year or 260,000 barrels per day, and with the field’s total production expected to increase to approximately 1 million barrels of per day. The total project is currently at 86 percent completion and continues to achieve major milestones.

---

Follow the author on Twitter: @nargiz_sadikh

Tags:
Latest

Latest