Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
November 25, 2021updated 26 Nov 2021 5:47am

Tengiz Project (Tengiz and Korolevskoye) Conventional Oil Field, Kazakhstan

By Carmen

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 Lukoil Oil, National Company KazMunayGas, 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 31% 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 1.58% 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

Content from our partners
Green investment: What gives Scotland multiple advantages
How the North of Tyne region is leveraging its legacy to define its future

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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU