Tengiz Oil Field Set to Reach Full Production Later This Month

Tengiz Oil Field Set to Reach Full Production Later This Month

The Astana Times provides news and information from Kazakhstan and around the world. ALMATY – Output at Kazakhstan’s Tengiz oil field has recovered to around 60% of its usual production levels. It is expected to return to full capacity by Feb. 23, according to two industry sources cited by Reuters news agency on Feb. 9. Photo credit: TCO. Click to see the map in full size. The map is designed by The Astana Times. Tengiz field, which accounts for…

Tengiz returns to production: the Kazakh giant resumes production, but Brent continues to grow. - Economic Scenarios

Kazakhstan's giant Tengiz oil field has restored 60% of its peak output and was pumping at a rate of 550,000 barrels a day as of Sunday, after a forced shutdown in mid-January due to a fire, anonymous sources told Reuters on Monday. Tengiz, operated by a consortium led by U.S. supermajor Chevron, is expected to reach oil production levels of around 950,000 barrels a day by February 23, according to sources familiar with the production data. The …

Chevron stock price edges higher after-hours as oil climbs; Tengiz restart in focus

Chevron shares rose 0.9% to $182.60 in after-hours trading Monday after oil prices settled more than 1% higher. Output at the Chevron-led Tengiz oilfield in Kazakhstan has recovered to about 60% of peak and aims for full production by Feb. 23, according to industry sources. Traders are watching for U.S. inventory data due Wednesday for the next move in crude prices. The post Chevron stock price edges higher after-hours as oil climbs; Tengiz rest…