Resource provided by Saya Askarova
4 May 2016 – Almaty, Kazakhstan – A new resource has been added to the PM World Library related to major programmes & projects. The new resource is titled "Tengiz oil field development”.
The Tengiz field is one of the world's deepest developed super giant oil fields, with the top of the reservoir at about 4,000 meters (13,000 feet). Tengiz reservoir is 19 kilometers (12 miles) wide by 21 kilometers (13 miles) long. The oil column measures an incredible one mile thick. The reservoir area is so large that one would have to run nearly two marathons to cover the entire distance around it. The Tengiz field, first discovered in 1979, has recoverable reserves estimated at between six billion and nine billion barrels. The field was jointly developed in 1993 as a 40-year venture between Chevron Texaco (50%), KazMunaiGaz (20%), US ExxonMobil (25%) and LUKArco (5%). The joint venture company is known as TengizChevrOil (TCO). Chevron is the operator of the TCO field.
The Tengiz field's production of crude in 2004 was 13 million tons per year but the SGI and SGP production increased this to over 25 million tons. TCO crude oil production capacity was increased by about 80% to 540,000 barrels of crude oil, 46,000 barrels of natural gas liquids and 760 million cubic feet of natural gas. Two projects created over 7,000 jobs in Kazakhstan and aided the development of the economy. A total investment of $20bn is envisaged for the duration of the 40 years of the Tengiz oil field venture.
To access this new resource, https://pmworldlibrary.net/major-projects-programmes/, click on “Mining - Natural resources - oil & gas”, and scroll down to find this resource. Must be a logged-in member to access.
