Inform
| |
2 Pages

Chevron and partners go counter-cyclical with US$37 billion Tengiz expansion


Chevron and partners go counter-cyclical with US$37 billion Tengiz expansion

Report summary

On 5 July, Chevron and partners took FID on the next expansion phase at the supergiant Tengiz oil field (Kazakhstan). With capital costs of US$36.8 billion and incremental production capacity of 260,000 b/d, this is one of the largest global investment decisions of the past decade. It is also the most expensive project to be sanctioned in 2016 to date.
Project economics are challenging but Tengiz remains a key asset in Chevron's portfolio. This FID underlines the strategic importance of this high-cost and complex expansion.

What's included?

This report includes 1 file(s)

  • Chevron and partners go counter-cyclical with US$37 billion Tengiz expansion PDF - 968.33 KB 2 Pages, 0 Tables, 1 Figures

Description

This Upstream Oil and Gas Inform report highlights the key issues surrounding this topic, and draws out the key implications for those involved.

This report helps participants, suppliers and advisors understand trends, risks and issues within the upstream oil and gas industry. It gives you an expert point of view to support informed decision making.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research.

Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in upstream commercial data and analysis.

Requester's name : .............
Department : .............
Authoriser's Name : .............
Authoriser's signature : .............
Date : .............
Cost Centre : .............

Questions about this report?

Frequently Asked Questions

Mailenquiries@woodmac.com
  • Europe: +44 131 243 4699
  • Americas: +1 713 470 1900
  • Asia Pacific: +61 2 8224 8898
contact us

Why Wood Mackenzie?

As the trusted source of commercial intelligence for the world's natural resources sector for more than 40 years, we empower clients to make better strategic decisions with objective analysis and advice. Find out more...