ASTANA, Kazakhstan, February 26. Tengizchevroil LLP (TCO, a joint venture between Kazakhstan and Chevron) has achieved a significant milestone for the Future Growth Project - Wellhead Pressure Management Project (FGP-WPMP) with mechanical completion of the Third Generation Plant (3GP), concluding the construction phase in September 2023, Trend reports.
As the company noted, the project is currently executing testing and commissioning phase.
"Since the beginning of the FGP-WPMP implementation, TCO has spent over $18 billion to purchase Kazakhstani goods and services," TCO noted.
As previously stated by the Ministry of Energy of Kazakhstan, the launch of the future expansion project (FGP) of Kazakhstan's Tengiz field was postponed until the second quarter of 2025.
The FGP will allow expanding 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).
At the same time, the Ministry noted that the launch of the wellhead pressure management project (WPMP) has also been postponed. The launch time is set for the second quarter of 2024.
The WPMP will keep the existing Tengiz plants full by lowering the flowing pressure at the wellhead and then boosting the pressure to meet the inlet requirements of the six existing processing trains.
Meanwhile, the Tengiz field is managed by Tengizchevroil, a joint venture between Kazakhstan and Chevron. Tengiz, the world’s deepest-producing super-giant oil field, was discovered in 1979. The Tengizchevroil (TCO) partnership was formed on April 6, 1993, between Kazakhstan and Chevron.
Estimated oil in place in the Tengiz field is 3.1 billion metric tons (25 billion barrels) and 200 million metric tons (1.6 billion barrels) in the Korolev field, where Tengizchevroil also produces. Total recoverable crude oil in the Tengiz and Korolev fields is estimated to be 1.4 billion metric tons (11.5 billion barrels).