Tengiz Project (Tengiz and Korolevskoye) is a producing conventional oil field located onshore Kazakhstan and is operated by Tengizchevroil. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, the field is located in block Tengiz and Korolevskoye. Buy the profile here.
An expansion project is associated with the Tengiz Project (Tengiz and Korolevskoye), namely the Tengiz FGP-WPMP (Future Growth Project – Wellhead Pressure Management Project). This project is currently in the commissioning stage, expected to start in 2023.
Field participation details
The field is owned by Chevron, Exxon Mobil, Lukoil Oil and National Company KazMunayGas.
Production from Tengiz Project (Tengiz and Korolevskoye)
The Tengiz Project (Tengiz and Korolevskoye) conventional oil field recovered 43.82% of its total recoverable reserves, with peak production expected in 2026. The peak production will approximately 843.86 thousand bpd of crude oil and condensate, 1,066.00 Mmcfd of natural gas and 60.50 thousand bpd of natural gas liquids. Based on economic assumptions, production will continue until the field reaches its economic limit in 2052. The field currently accounts for approximately 33% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 7,038.71 Mmboe, comprised of 5,489.51 Mmbbl of crude oil & condensate, 6,933.95 bcf of natural gas reserves and 393.54 Mmbbl of natural gas liquid reserves. Tengiz Project (Tengiz and Korolevskoye) conventional oil field reserves accounts 1.56% of total remaining reserves of producing conventional oil fields globally.
Contractors involved in the Tengiz Project (Tengiz and Korolevskoye) conventional oil field
Some of the key contractors involved in the Tengiz Project (Tengiz and Korolevskoye) project as follows.
Design/FEED Engineering: Fluor, Worley, JGC Holdings, Kazgiproneftetrans and Kazakh Institute of Oil and Gas
Main EPC: Fluor, Worley, Kazgiproneftetrans and Kazakh Institute of Oil and Gas
EPC Contractors: Daewoo Shipbuilding & Marine Engineering, Bonatti, Kentz Kazakhstan, Montazhspetsstroy (Russia) and Kentech Kazakhstan Technical Services
Other Contractors: Alfa Laval, ABB, Atlas Copco, Altrad Investment Authority and B&W Energy Services
About Tengizchevroil
Tengizchevroil LLP (Tengizchevroil) is an oil and gas company that produces and markets crude oil, gas and sulfur. The company’s products comprise liquefied petroleum gas (LPG), dry gas and sulfur. Its reserves include Tengiz and Korolev oil fields. Tengizchevroil also operates second generation plants that separate and process natural gas into gas products and elemental sulfur. The company markets its dry gas under medium and long-term contracts to its customers. It offers fabrication and transportation of FGP-WPMP equipment in Kazakhstan, South Korea and Italy. The company operates offices in Atyrau and Astana. Tengizchevroil is headquartered in Atyrau City, Atyrau, Kazakhastan.
For more details on the Tengiz Project (Tengiz and Korolevskoye) Conventional Oil Field, buy the profile here.
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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.
