The agreement covers the obligations of the company and the authorities in pushing ahead with the long-discussed Future Growth project (FGP) and associated Wellhead Pressure Management (WHM) project at the Tengiz field.
The signing of the document is a major step in unlocking Tengizchevroil’s plan to boost oil production at the field to more than 820,000 barrels per day from the current level of 560,000 bpd, according to industry observers.
The
