Kazakhstan - 03

Kazakhstan: Efficiency Drive at KMG

Kazakhstan’s KMG held numerous meetings and workshops in August seeking to increase efficiency in its own production as well as joint work with IOCs. The company also used these events to publicize the achievements of its ongoing transformation program. Last week, KMG’s E&P and strategy teams completed a preliminary overview of its subsidiaries’ and affiliates’

Kazakhstan - 01

Kazakhstan: Tengiz’s Expansion: A Success for Astana on the Eve of Nazarbayev’s 76th Birthday

On 5 July Chevron and Kazakh Minister of Energy Kanat Bozumbayev announced a $36.8bn expansion of the Tengiz oil field run by international consortium TCO comprising Chevron (50%), ExxonMobil (25%), KMG (20%) and LUKoil (5%). The two-part expansion includes TCO’s Wellhead Pressure Management and Future Growth Projects. Horizon was cautious about a swift TCO investment

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Kazakhstan: Bozumbayev’s Upbeat Statements: Fact and Fiction

On 25 May Minister of Energy Kanat Bozumbayev optimistically suggested that Tengizchevroil (TCO) is finalizing an expansion project for the Tengiz field that will cost an estimated $36-37bn and lift output by 11mn tons to 36mn tons/year by 2021. The minister stated that IOCs led by Chevron are slated to finalize the spending plan in