Tengiz Project (Tengiz and Korolevskoye) is a producing conventional oil field located onshore Kazakhstan and is operated by Tengizchevroil. The field is located in block Tengiz and Korolevskoye.
An expansion project is associated with the Tengiz Project (Tengiz and Korolevskoye), namely 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 National Company KazMunayGas, Lukoil Oil, Exxon Mobil and Chevron.
Production from Tengiz Project (Tengiz and Korolevskoye)
The Tengiz Project (Tengiz and Korolevskoye) conventional oil field recovered 39.15% of its total recoverable reserves, with peak production expected in 2026. The peak production will approximately 846.66 thousand bpd of crude oil and condensate, 1,069 Mmcfd of natural gas and 60.7 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 32% of the country’s daily output.
Remaining recoverable reserves
The field is expected to recover 7,676.46 Mmboe, comprised of 5,988.16 Mmbbl of crude oil & condensate, 7,559.01 bcf of natural gas reserves and 428.47 Mmbbl of natural gas liquid reserves. Tengiz Project (Tengiz and Korolevskoye) conventional oil field reserves accounts 1.66% 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, JGC Holdings, Kazakh Institute of Oil and Gas, Kazgiproneftetrans and Worley
Main EPC: Fluor, Kazakh Institute of Oil and Gas, Kazgiproneftetrans and Worley
EPC Contractors: Bonatti, Daewoo Shipbuilding & Marine Engineering, Kentech Kazakhstan Technical Services, Kentz Kazakhstan and Montazhspetsstroy (Russia)
Other Contractors: ABB, Alfa Laval, Atlas Copco, B&W Energy Services and Beerenberg 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 through its offices in Atyrau and Astana. Tengizchevroil is headquartered in Atyrau, Kazakhastan.
Methodology
Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.