Tengiz field (Kazakh: Теңіз мұнай кен орны, Teñız mūnai ken orny) is an oil field located in Zhylyoi District, Atyrau Region, northwestern Kazakhstan. The oil field is located in an area of low-lying wetlands along the northeast shores of the Caspian Sea.

5 days ago · The energy giant is spending nearly $50 billion to expand the Tengiz oil field, allowing it to pump one million barrels a day. Listen to this article · 3:17 min Learn more Share full article

Deep beneath the western Kazakhstan steppe is a giant reservoir known as the Tengiz Field. The oil column measures an incredible 1 mile (1.6 km) in thickness and lies between 2.5–3.7 miles (4–6 km) in depth.

2 days ago · Chevron said on Friday it had started production at a $48 billion expansion of the giant Tengiz oilfield which will bring its output to around 1% of global crude supply. The Tengiz field accounts for a large part of landlocked Kazakhstan’s oil production and has been a major cash generator for Chevron for decades. But its exports depend ...

2 days ago · Overview of the Tengiz Oil Field & its Significance The Tengiz oil field is an extraordinary asset, situated in western Kazakhstan, and is renowned for its immense size and deep reserves.

5 days ago · The FGP expansion aims to increase crude oil production by 260,000 barrels per day at full capacity. The Tengiz oil field, located in western Kazakhstan, is the country’s biggest field and ranks ...

5 days ago · Chevron holds a 50% stake in the Tengiz field, and its partners are US supermajor ExxonMobil with 25%, Kazakhstan’s state-run oil and gas holding KazMunayGaz on 20% and Russia’s Lukoil with 5%.

Tengiz, the world’s deepest producing super giant oil field, was discovered in 1979. The Tengizchevroil (TCO) partnership was formed on April 6, 1993, between the Republic of Kazakhstan and Chevron. Current partners are Chevron, 50 percent; KazMunayGas, 20 percent; ExxonMobil Kazakhstan Ventures Inc., 25 percent; Lukoil, 5 percent.

The Tengiz Field is one of the world’s deepest operating supergiant oil fields, with the top of the reservoir at approximately 13,000 feet (4,000 m) below ground. In addition, Chevron holds an 18% interest in the Karachaganak Field.

Apr 8, 2023 · Tengiz oil field, located on the west part of Kazakhstan, was discovered in 1979. Photo credit: Tengizchevroil. Ultimately, it would be Chevron, then the fifth-largest private oil company in the world, which would provide the foreign …