Year 2001

Year 2001
http://denis.marochkin.ru

Kazakhstan’s largest onshore oil project - the gargantuan Tengiz oilfield in the country’s western region - is preparing for a $2bn expansion, raising its production by 7m tonnes annually, and providing hundreds of millions of dollars to the local economy.

Tom Winterton, general director of Tengizchevroil (TCO), the consortium running the onshore field, said that some $2bn had already been spent to date to bring production to its current level of 12m tonnes per year.

"Construction would be complete late in the year 2005. Our prior largest expansion was only two and one half tonnes per year. So this is a huge undertaking," said Mr Winterton, who is seconded from US multinational Chevron. Chevron owns 50 per cent of Tengiz, with the Kazakh government holding 20 per cent, ExxonMobil 25 per cent and LukArco five per cent.

Parsons Fluor Daniel will run the project’s engineering, procurement and construction management.

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Send mail to with questions or comments about this web site. Copyright © 2001 DNM Last modified: 07/27/03

Send mail to with questions or comments about this web site.
Copyright © 2001 DNM
Last modified: 07/27/03