Large-scale construction begins at massive Tengiz oil field

Before the end of this year, production from Tengiz may grow up to 25 million to 27 million tonnes.

TENGIZ, Kazakhstan – In spite of the plunging oil prices, the international consortium TengizChevroil has embarked on a massive construction endeavor under the Future Growth Project – Wellhead Pressure Management Project (FGP-WPMP) at the Tengiz field in Western Kazakhstan.

When the project is completed, oil production there will grow by 12 million tonnes a year, from 27 million tonnes to 39 million tonnes. The total new investment in the Tengiz project is expected to range from $37 billion t...

This story is part of New Europe's Premium content.

To Read the Full Story, Subscribe or Sign In from the ↑ Top of the Page ↑
new europe join now