Kazakhstan Chamber of Commerce in the USA


Kazakhs, Chevron-led group approve $37B Tengiz field expansion 0

Posted on July 20, 2016 by KazCham


Kazakhstan and a group of oil majors led by Chevron approved on Tuesday a $36.8 billion plan to boost production at the Tengiz field, the Central Asian nations’ Energy Ministry and foreign partners said in a joint statement.

The super-giant field, one of the world’s biggest, accounts for more than a third of total crude output in Kazakhstan which is the biggest ex-Soviet oil producer after Russia.

Under the plan, Tengiz, in which Exxon Mobil and Lukoil also have stakes, will increase output to 39 million tons a year (850,000 barrels per day) by 2022 from 27 million tons currently.

“Today we are witnessing a historic event not just for the oil and gas sector but for the whole country,” Kazakh Energy Minister Kanat Bozumbayev told reporters in Astana, sitting next to executives of Tengizchevroil, the joint venture operating Tengiz, and partner companies.

In a separate statement, Chevron said the total project budget included $27.1 billion for facilities, $3.5 billion for wells and $6.2 billion for contingency and escalation.

Kazakhstan holds a 20 percent stake in the venture via state oil and gas firm KazMunayGaz. Chevron owns 50 percent, Exxon Mobil has 25 percent and Lukarco, controlled by Russia’s LUKOIL, the remaining 5 percent.

Chevron and KazMunayGas to Enhance Kazakhstan’s Technical Capabilities 0

Posted on November 06, 2015 by KazCham

Astana Times

Since the start of its operations in Kazakhstan in 1993, Chevron has continuously invested in developing and training its local workforce to meet the increasing demands of Kazakhstan’s oil and gas industry. Together with its partner, Kazakhstan’s national oil and gas company KazMunayGas (KMG), numerous programs have been developed to improve the capacity of local companies and specialists, including training, delivery of new technologies and assistance to purchase technologically advanced equipment and software programs.

As part of the technology development program, in 2014, a group of 13 specialists from KMG and its subsidiaries visited Chevron Energy Technology Centre (ETC) offices and its laboratories in Houston, Texas and Richmond, California. During the visit, they were introduced to ETC’s worldwide technology portfolio and engaged in discussions on developing organizational capability, technology delivery models, i-field (Integrated Field) Upstream Workflow Transformation, next-generation seismic, reservoir and well productivity technologies, as well as core analysis technologies and methodologies.

Chevron also sponsored KMG’s Scientific Research Institute of Production and Drilling Technology by purchasing “INTERSECT” next generation reservoir simulation software. This advanced technology allows research teams to simulate large, complex reservoirs and highly heterogeneous systems, including Tengiz and Karachaganak.

In 2015, 19 KMG operations specialists visited Chevron’s Mid-Continent Business unit in Midland, Texas, participating in intensive overview sessions on rod pump design and optimization and visiting Chevron operated fields and local service companies that support its operations.

Frank Cassulo, EBU deputy managing director commented on the program saying, “The Eurasia Business Unit is extremely pleased to partner with KMG and its experts to further enhance KMG’s technical capabilities.” He added, “Chevron believes this workforce development program will enable KMG specialists to leverage Chevron’s experience to enhance their base business operations and develop expertise in production optimization to increase oil recovery.”


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