Kazakhstan: Blue Water Lands Tengiz Work

Kazakhstan's Tengizchevroil Cuts Dividends To Finance Expansion

Danish vessel owner and Manchester Shipping to transport modules to Kazakhstan for FGP-WPMP scheme, Upstream reported.

Danish vessel owner Blue Water Shipping and its partner have won a deal to transport modules to Kazakhstan for the giant Chevron-led Tengiz field expansion project.

The Blue Water-led consortium including freight forwarder Manchester Shipping will transport modules from the Baltic Sea and Black Sea to Prorva in Kazakhstan via the Russian inland waterway system in support of the Tengizchevroil (TCO) Future Growth Project-Wellhead Pressure Management project (FGP-WPMP).

The contract will involve the use of up to 11 barges and 29 tugs, with some modification and upgrading work to be undertaken.

Last year Blue Water won three contracts related to FGP-WPMP. It is leading two consortia in supplying 20 modular carrying vessels for transporting modules from the Russian inland waterway system and Caspian Sea to Prorva.

Last July Chevron pulled the trigger on the monster $36.8 billion Tengiz oilfield expansion project. The FGP-WPMP development will increase oil production at the field by about 260,000 barrels per day.

FGP-WPMP is estimated to cost $36.8 billion, which includes $27.1 billion for facilities, $3.5 billion for wells and $6.2 billion for contingency and escalation.

Tengiz is operated by Tengizchevroil (TCO) – a 50% Chevron-owned affiliate, in which state player KazMunaiGas holds 20%, ExxonMobil 25% and Lukarco 5%.

Following the expansion, TCO’s total production will increase to approximately 1 million barrels of oil equivalent per day.

by Eoin O’Cinneide