HOUSTON, TEXAS (Editors at Energy Analytics Institute, 23.Jan.2025) — Chevron Corporation‘s 50% owned affiliate Tengizchevroil LLP (TCO) started oil production at its Future Growth Project (FGP) located at the Tengiz oil field in Kazakhstan.
FGP is the third processing plant in operation at the Tengiz oil field, Chevron said 23 Jan. 2025 in an official statement.
Tengizchevroil LLP is a Kazakhstani partnership owned by Chevron (50% WI), KazMunayGas (20% WI), ExxonMobil (25% WI), and Lukoil (5% WI).
“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,” Chevron vice chairman Mark Nelson said in the statement.
The project expands sour gas injection capability and is expected to ramp up production to 1 million barrels of oil equivalent per day (MMboe/d).
This milestone follows the completion of the Wellhead Pressure Management Project (WPMP) in 2024, which is designed to optimize the field and processing plants.
The FGP expansion aims to increase crude oil production by 260,000 b/d at full capacity.
The Tengiz oil field, located in western Kazakhstan, ranks as the world’s deepest producing supergiant oil field and the largest single-trap producing reservoir in existence.
The FGP and WPMP projects together installed power systems at Tengiz with 5 Frame 9 gas turbine generators, added 4 large compression trains with additional pumping capacity, installed a new centralized control center and enhanced sour gas handling and reinjection to the field for long-term pressure maintenance, Chevron said.
“This milestone concludes a multiyear project that completely revamped the gathering and processing capacity of one of the world’s largest oil fields that will provide significant economic benefit for the Republic of Kazakhstan,” Chevron International Exploration & Production president Clay Neff said in the statement.
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By Editors at Energy Analytics Institute. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
