ASTANA, Kazakhstan, April 25. Tengizchevroil (TCO, operator of Kazakhstan's Tengiz oil field) has safely started operations at its Wellhead Pressure Management Project (WPMP) at the Tengiz oil field, with the conversion of the first metering station to low pressure, and by bringing online the associated Pressure Boost Facility (PBF), Trend reports.
According to the TCO, this is an important milestone in Tengiz's
overall expansion plans.
The WPMP is intended to keep existing Tengiz processing plants at
full capacity (about 28 million tons per year) by lowering the
flowing pressure at the wellheads and subsequently increasing the
pressure at the existing plants.
The extra PBF compressors will begin operations, and the remaining
metering stations will be converted for the remainder of the
year.
The final stage of TCO’s expansion project, known as the Future Growth Project (FGP), is scheduled for completion in the first half of 2025. This will enable TCO to expand Tengiz crude oil production by an incremental 12 million tons per year (260,000 barrels a day).
"This is a major step in advancing our Future Growth Project to its safe completion and will also help maintain reliable performance at our base business at Tengiz," said Kevin Lyon, TCO General Director.
As part of the overall FGP-WPMP project, to date, over $18 billion has been spent on Kazakhstani goods and services. Furthermore, about 4,000 local employees have received specialized training to contribute to the work on the PBF project scope.
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).