雪佛龍公司批準Tengiz擴建項目

“The Future Growth and Wellhead Pressure Management Project represents an excellent opportunity for the company,” said Chevron Chairman and Chief Executive Officer John Watson. “The project builds on a record of strong performance at Tengiz and will add value for Chevron and its stockholders.”

“This project builds on the successes of prior expansions at Tengiz and is ready to move forward,” said Jay Johnson, executive vice president, Upstream, Chevron Corp. “It has undergone extensive engineering and construction planning reviews and is well-timed to take advantage of lower costs of oil industry goods and services.”

FGP-WPMP is currently estimated to cost $36.8 billion, which includes $27.1 billion for facilities, $3.5 billion for wells, and $6.2 billion for contingency and escalation.

The project will raise TCO’s total production to approximately 1 MMboe/d. WPMP maximizes the value of existing TCO facilities by extending the production plateau and keeping existing plants producing at full capacity. FGP will use state-of-the-art sour gas injection technology, successfully developed and proven during TCO’s previous expansion in 2008, to enhance oil recovery, the company says. First oil is planned for 2022.