The project to increase production at the Tengiz field (operated by Tengizchevroil, TCO) has been completed by more than 90%, Prime Minister of Kazakhstan Alikhan Smailov said at an expanded government meeting with the participation of the president of the republic on Thursday.
In February, it was reported that the expansion project at the Tengiz field was 89% complete, with the first oil received from the third of four metering units that are part of the oil gathering system.
At the end of August 2021, the head of state, Kassym-Jomart Tokayev, stated that construction work on the Tengiz field expansion project was behind schedule by almost 20%.
The President instructed the government, together with the operator of the project, “to take appropriate measures to prevent the failure of the deadlines for its completion.”
Smailov also noted during the government meeting that Kazakhstan is taking prompt measures to ensure sustainable oil exports to world markets.
The Tengiz oil and gas field is one of the largest in Kazakhstan, with recoverable oil reserves of 1.3 billion tons. It is located in the Atyrau region (west of the country).
Currently, TCO is implementing a production expansion project and a wellhead pressure management project at Tengiz with a total cost of $45.2 billion. The planned completion date for the project is the end of 2022.
Caspian Barrel
