Chevron will proceed with the development of its future growth and wellhead pressure management project (FGP-WPMP) as part of its expansion programme at Tengiz. The new development will increase oil production at the field by about 260,000 barrels per day.
FGP-WPMP is currently 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, Chevron said.
Tengiz
