Chevron Announces Milestone in Kazakhstan with Start of Oil Production at Future Growth Project

January 24, 2025 04:55 AM PST | By Team Kalkine Media

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Chevron Announces Milestone in Kazakhstan with Start of Oil Production at Future Growth Project — Image source: Shutterstock

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Highlights:

New Facility Boosts Output: The FGP will significantly enhance crude oil production by 260,000 barrels per day, bringing the field’s total capacity to one million barrels of oil equivalent daily.

Integrated Upgrades: The project integrates advanced systems, including gas turbine generators, compression trains, and enhanced sour gas reinjection for long-term field efficiency.

Strategic Partnership: TCO is jointly owned by Chevron (50%), KazMunayGas (20%), ExxonMobil (25%), and Lukoil (5%), showcasing international collaboration in energy development.

Chevron Corporation (NYSE:CVX) has announced a major development with its 50% owned affiliate Tengizchevroil LLP (TCO), marking the commencement of oil production at the Future Growth Project (FGP) in the Tengiz oil field, Kazakhstan.

Chevron’s affiliate TCO has officially started oil production at the Future Growth Project, the latest addition to the company’s operational facilities at the Tengiz oil field. This initiative is designed to expand sour gas injection capabilities and optimize crude oil output, positioning the Tengiz field as a key player in global energy production.

The FGP represents the third processing facility at Tengiz, and its operations are expected to enhance daily production to one million barrels of oil equivalent. This expansion builds upon the success of the Wellhead Pressure Management Project (WPMP), which was completed in 2024. The WPMP was developed to streamline the efficiency of field operations and processing plants.

Upon reaching full capacity, the FGP is projected to increase crude oil production by 260,000 barrels per day. This milestone underscores Chevron’s commitment to maximizing the potential of its investments in Kazakhstan. To achieve this scale, the FGP and WPMP projects introduced advanced technological infrastructure, including five Frame 9 gas turbine generators, four high-capacity compression trains, and upgraded systems for sour gas handling and reinjection.

The upgraded centralized control center ensures seamless monitoring and operational management, contributing to the field’s efficiency and longevity. The enhanced sour gas reinjection system plays a crucial role in maintaining reservoir pressure, a key factor in sustainable production.

TCO operates as a Kazakhstani partnership comprising Chevron (50%), KazMunayGas (20%), ExxonMobil (25%), and Lukoil (5%). This collaboration highlights the strength of international partnerships in advancing energy initiatives in the region.

Chevron, renowned as one of the world’s leading integrated energy companies, emphasizes the importance of delivering affordable, reliable, and increasingly cleaner energy solutions. The company’s portfolio spans crude oil and natural gas production, manufacturing of transportation fuels, lubricants, petrochemicals, and the development of innovative technologies to enhance both the industry and global energy accessibility.

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