In July 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.
As part of FGP-WPMP project plans it is important for us to keep transparent two-way communication with our lenders. TCO is implementing a lender relations process to ensure that stakeholders will have ongoing opportunities to ask questions, comment and provide feedback.
Our focus is to keep an open dialogue with our lender base and timely respond on questions. In addition to the information found under the Company tab, we are happy to assist you with quick and reliable responses.
Atyrau, Kazakhstan, April 25, 2024 — Tengizchevroil LLP (TCO) 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).
This is a key milestone in the company’s overall expansion project at Tengiz. The WPMP is designed to keep existing Tengiz processing plants at full capacity (of approximately 28 million tonnes per annum), by lowering the flowing pressure at the wellheads and then boosting the pressure to the existing plants. The additional PBF compressors will start up and the remaining metering stations will be converted through 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 annum (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.
“Achieving this milestone would not be possible without the unwavering support from the Government of Kazakhstan and many other important stakeholders including our partners, contractor companies, the communities where we work, and our talented and dedicated workforce”, Kevin Lyon added.
As part of the overall FGP-WPMP project, to date, over $18 billion has been spent on Kazakhstani goods and services. Furthermore, about 4000 local employees have received specialized training so as to contribute to the work on the PBF project scope.
“I am proud of the capabilities of Kazakhstani companies who have gained valuable experience through partnerships with international companies and technology transfers”, said Konilkosh Suyessinov, TCO Deputy General Director.
Tengizchevroil will continue to work with its partners and the Republic of Kazakhstan Government to advance the safe completion of the FGP-WPMP project.
Atyrau, Kazakhstan, April 25, 2024 — Tengizchevroil LLP (TCO) 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).
This is a key milestone in the company’s overall expansion project at Tengiz. The WPMP is designed to keep existing Tengiz processing plants at full capacity (of approximately 28 million tonnes per annum), by lowering the flowing pressure at the wellheads and then boosting the pressure to the existing plants. The additional PBF compressors will start up and the remaining metering stations will be converted through 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 annum (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.
“Achieving this milestone would not be possible without the unwavering support from the Government of Kazakhstan and many other important stakeholders including our partners, contractor companies, the communities where we work, and our talented and dedicated workforce”, Kevin Lyon added.
As part of the overall FGP-WPMP project, to date, over $18 billion has been spent on Kazakhstani goods and services. Furthermore, about 4000 local employees have received specialized training so as to contribute to the work on the PBF project scope.
“I am proud of the capabilities of Kazakhstani companies who have gained valuable experience through partnerships with international companies and technology transfers”, said Konilkosh Suyessinov, TCO Deputy General Director.
Tengizchevroil will continue to work with its partners and the Republic of Kazakhstan Government to advance the safe completion of the FGP-WPMP project.
