Chevron Achieves First Oil at Future Growth Project in Kazakhstan
01.24.2025 By Tank Terminals - NEWS

January 24, 2025 [Storage Terminals Magazine]- Chevron Corporation has announced that Tengizchevroil LLP, its 50 percent-owned affiliate, has commenced oil production at the Future Growth Project in the Tengiz oil field, Kazakhstan.

 

The FGP is the third processing plant at the Tengiz oil field and significantly expands sour gas injection capacity. Once fully operational, the project is expected to increase production by 260,000 barrels per day, boosting total output to approximately one million barrels of oil equivalent per day. This achievement follows the completion of the Wellhead Pressure Management Project in 2024, which was designed to optimise field operations and enhance processing efficiency.

“First oil at the Future Growth Project is the latest in a series of development milestones, including in the Gulf of Mexico and the Permian, that are expected to significantly increase free cash flow to the company and deliver value for Chevron shareholders,” said Mark Nelson, Chevron vice chairman.

A Key Milestone for Tengiz and Kazakhstan

The Tengiz oil field, located in western Kazakhstan, is recognised as the world’s deepest producing supergiant oil field and the largest single-trap producing reservoir globally. The FGP marks the culmination of a multiyear effort to modernise the field’s gathering and processing systems.

“This milestone concludes a multiyear project that completely revamped the gathering and processing capacity of one of the world’s largest oil fields, providing significant economic benefit to the Republic of Kazakhstan,” said Clay Neff, president of Chevron International Exploration & Production. “This accomplishment was made possible through our strong partnerships with Kazakhstan, our contractors, and the local workforce.”

Upgraded Infrastructure for Long-Term Output

The combined FGP and WPMP developments have significantly enhanced the Tengiz field’s infrastructure. Key upgrades include:

  • Installation of five Frame 9 gas turbine generators for power supply.
  • Addition of four large compression trains with increased pumping capacity.
  • A new centralised control centre.
  • Enhanced sour gas handling and reinjection systems for long-term pressure maintenance.

About Tengizchevroil LLP (TCO)

TCO is a Kazakhstani partnership comprising Chevron (50 percent), KazMunayGas (20 percent), ExxonMobil (25 percent), and Lukoil (5 percent). The partnership’s work at the Tengiz oil field exemplifies collaboration between international and local stakeholders to achieve strategic energy goals for Kazakhstan while delivering global energy solutions.

 

Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

ORLEN Discovers a New Gas Field in the Province of Poznan
02.18.2025 - NEWS
February 18, 2025 [ORLEN]- Nearly a quarter of a billion cubic meters of gas – this is the size... Read More
Commonwealth LNG Eyes Q3 for FID as US Government Grants Non-FTA Authorisation for Exports
02.18.2025 - NEWS
February 18, 2025 [Gas Strategies]- Commonwealth LNG’s developers said they aim to reach fi... Read More
Australia's Woodside in Talks with at Least Three Partners for Louisiana LNG, Sources Say
02.18.2025 - NEWS
February 18, 2025 [Reuters]- Woodside Energy has held talks with several potential buyers of sta... Read More
KKR to Buy Additional 5% Stake in Eni Biofuel Business
02.18.2025 - NEWS
February 18, 2025 [Reuters]- U.S. fund KKR has signed an agreement with Italy’s Eni to bu... Read More