Baku, Azerbaijan, Aug.9
By Leman Zeynalova – Trend:
The volume of expenditures of the Kazakhstani-fabricated component for the expansion of Kazakhstan’s Tengiz oil field stood at $4 billion since the project start, the country’s Tengizchevroil (TCO) oil company told Trend.
“TCO has engaged Kazakhstani entities to participate in Future Growth Project - Wellhead Pressure Management Project (FGP-WPMP) in engineering, procurement and fabrication services and has pre-screened over 2,000 Kazakhstani companies to date, with more than 300 being awarded contracts. More than 150 Kazakhstani companies were visited for capabilities assessment. Kazakhstani component expenditures since the project start made more than $4 billion,” said the company.
Main facilities engineering is progressing. The main FGP-WPMP equipment is being fabricated in Kazakhstan, South Korea and Italy, and will be pre-assembled into modules for transportation to Tengiz and final assembly.
In Tengiz motor roads under construction. Drilling along with construction of the field facilities and pipelines to bring in additional production to support keeping the existing plants at capacity continue.
At Third Generation Plant first getting-out-of-ground milestone completed, Red Route completed in June. At 3GI concrete pours progressing, underground piping installation and in-situ foundations continue.
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.
The FGP-WPMP is being constructed simultaneously to realize significant efficiencies and cost savings.
Based on TCO’s highly-successful SGI/SGP expansion project, 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.
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 the Republic of Kazakhstan and Chevron.
Current partners are Chevron, 50 percent; KazMunayGas, 20 percent; ExxonMobil Kazakhstan Ventures Inc., 25 percent; LukArco B.V., 5 percent.
---
Follow the author on Twitter: @Lyaman_Zeyn
