Crude oil production from Kazakhstan’s largest oil field, Tengiz, fell by 12% in the quarter to 570,000 b/d, as shown by figures from the Chevron-led mining consortium on 9 September, reflecting the country’s adherence to OPEC production cuts.
Tengiz produced nearly 100,000 bpd less in this quarter than in the first quarter, the update statement showed, as OPEC + production cuts began in May, and Kazakhstan tightened its club in June.
In production since 1993, Tengiz is the largest crude oil for Kazakhstan’s CPC production flow, which is shipped to world markets from Novorossiisk in the Black Sea.
Kazakhstan has complied more with OPEC’s existing agreement to stabilize markets after the collapse of coronavirus costs than previous agreements, according to the organizations following the agreement. with a total crude oil production of 1. 35 million b/d.
In comments sent by email, Chevron said that a coronavirus outbreak among Tengiz staff still had no effect on production, but that the operator was complying with production relief commands similar to Kazakhstan’s OPEC commitments.
He added that it still aimed to meet the schedule for an expansion allocation of $45. 2 billion that production is expected to increase to around 850,000 b/d of crude oil and 1 million barrels of oil equivalent in total, even though they have an effect. Workers at the site off the eastern coast of the Caspian Sea are being remobilized, quarantined and other measures, the Tengizchevroil consortium said.
“Tengizchevroil has worked intensively with the government of the Republic of Kazakhstan to expand a plan to mobilize staff safely and healthily. The plan was well approved and TCO and its subcontractors began mobilizing staff on September 1. The mobilization will take a position in cintas. et in full compliance with all existing needs and regulations of the Republic of Kazakhstan,” he said, adding that “production operations continue uninterrupted. “
With regard to OPEC production cuts, TCO said: “As a law-abiding company, it follows the . . . government decree imposing “limitations on oil production” and added, “We continue to target reliable operations and try to meet the expectations of our shareholders. “
“After implementing more fitness precautions, we continue to advance the main activities of the critical route of the assignment. The FGP-WPMP allocation was recently completed by 79%. TCO and its partners continue to work intensively with the Republic of Kazakhstan to advance the allocation. The scope of the assignment is basically the structure and start-up paints in Tengiz and TCO still aims to start WPMP by the end of 2022, with FGP in mid-2023,” he said.
TCO stated on its online page that a total of 4147 Tengiz employees had tested positive for coronavirus, with another 3295 people fully recovered, and noted that the maximum positive cases had been known at the point of origin of the staff rather than at the paint site. said 24 other people were being treated at the Tengiz Infectious Diseases Hospital attached to Atyrau Regional Hospital.
“Despite encouraging trends and symptoms of improvement in the epidemiological scenario in Tengiz, quarantine restrictions remain fully in place. Masks, physical remoteness and self-de-insulation remain mandatory,” he said, detailing the measures taken to the network and fitness services.