SAN RAMON, Calif., February 15, 2012 – Chevron Corp. (NYSE: CVX) today reports that its affiliate Tengizchevroil LLP (TCO) expects to enter front-end engineering and design (FEED) in 2012 for an expansion project to increase total daily production between 250,000 and 300,000 barrels.
The Future Growth Project (FGP) will utilize sour gas injection technology used in existing operations. An early estimate of the total project cost is in the $6 - $8 billion range. The upcoming FEED work will refine the estimate range.
TCO is also undertaking an ongoing drilling program and has entered FEED on a well head pressure management project to support current operations.
An early estimate of the total project cost for the trio of projects is in the $20 - $25 billion range.Chevron has a 50 percent interest in Tengizchevroil. Other partners are KazMunaiGas, 20 percent; ExxonMobil Kazakhstan Ventures Inc., 25 percent; and LUKArco, 5 percent.
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Technip’s wholly owned subsidiary Global Offshore Pty Ltd. has been awarded a pipeline installation contract by Woodside Energy Limited for the Greater Western Flank Phase 1 Project located 130 kilometers North West of Karratha in Western Australia.
Daelim Industrial – Hitachi consortium signed a contract to supply two boilers which are core facilities to 9th and 10th units of Taean Thermal Power Plant with Korea Western Power at Grand Intercontinental Hotel on February 10, 2012. Total project volume reaches KRW565.1 billion, of which Daelim accounts for KRW356.6 billion. At the signing ceremony, more than 40 executives and staff including Moon-Duk Kim, CEO of Korea Western Power, Hong-Chun Park, Head of Daelim’s Plant Division, and Kanda, Director of the headquarters of Hitachi, attended.
Houston, Texas — February 14, 2012 — KBR (NYSE: KBR) today announced it was awarded a contract by TAIF Group to provide licensing and engineering services for the Veba Combi Cracker (VCC) to be implemented at the Nizhnikamsk refinery in the Republic of Tatarstan, Russia.
Chiyoda Corporation announces that Chiyoda Singapore, a 100% subsidiary of Chiyoda Corporation, has been awarded an EPC Contract for Infineum Singapore Pte Ltd. for the new manufacturing facility at Pulau Ayer Chawan, Jurong Island. The facility is to produce saliycylate, a unique detergent component, which is a critical part of Infineum's highly differentiated top-tier passenger car and heavy duty oil formulations, and its marine additive product slate.