The US supermajor has also laid out plans for key project start-ups across its upstream portfolio and has taken aim at up to $10 billion of asset sales this year - with some shelf assets in the US Gulf of Mexico to go.
Industry analysis firm Wood Mackenzie said in January that it expected the $30 billion-plus Tengiz project, called the Future Growth Project (or also referred to the Wellhead Pressure Management Project) to be sanctioned in the first half.
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