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KMG and ExxonMobil discuss joint operations at Tengiz and Kashagan

08.06.2022

Magzum Mirzagaliyev, Chairman of the Management Board of JSC NC “KazMunayGas”, has met with Neil Chapman, Senior Vice President of ExxonMobil.

Mr. Mirzagaliyev thanked Neil Chapman and ExxonMobil for the long-term cooperation with KMG. During the meeting, the parties discussed the implementation of the Future Growth Project — Wellhead Pressure Management Project (FGP–WPMP) at the Tengiz field. KMG’s leader stressed the particular importance of meeting the deadline for completing the FGP for the government of the Republic of Kazakhstan and the company. He also focused on preserving the social stability during the planned large-scale demobilisation of FGP–WPMP personnel in 2022–2023. KMG is looking forward to working closely with Tengizchevroil LLP on this issue.

On top of that, Mr. Mirzagaliyev touched upon the further development of the Tengiz field beyond the contract period (after 2033) and suggested exploring various options to maintain oil production in the future.

The parties dwelled particularly on the issue of joint operations at the Kashagan field (North Caspian project). The Chairman of the Management Board recalled that a concept for subsequent stages of field development needed to be selected in accordance with the development strategy for the entire ‘life cycle’ (beyond 2041).

Joint efforts to further increase the Kazakh content in the North Caspian project and ensure training and nationalisation of technical and managerial personnel were also discussed during the meeting.

JSC NC KazMunayGas

Magzum Mirzagaliyev, Chairman of the Management Board of JSC NC “KazMunayGas”, has met with Neil Chapman, Senior Vice President of ExxonMobil.

Mr. Mirzagaliyev thanked Neil Chapman and ExxonMobil for the long-term cooperation with KMG. During the meeting, the parties discussed the implementation of the Future Growth Project — Wellhead Pressure Management Project (FGP–WPMP) at the Tengiz field. KMG’s leader stressed the particular importance of meeting the deadline for completing the FGP for the government of the Republic of Kazakhstan and the company. He also focused on preserving the social stability during the planned large-scale demobilisation of FGP–WPMP personnel in 2022–2023. KMG is looking forward to working closely with Tengizchevroil LLP on this issue.

On top of that, Mr. Mirzagaliyev touched upon the further development of the Tengiz field beyond the contract period (after 2033) and suggested exploring various options to maintain oil production in the future.

The parties dwelled particularly on the issue of joint operations at the Kashagan field (North Caspian project). The Chairman of the Management Board recalled that a concept for subsequent stages of field development needed to be selected in accordance with the development strategy for the entire ‘life cycle’ (beyond 2041).

Joint efforts to further increase the Kazakh content in the North Caspian project and ensure training and nationalisation of technical and managerial personnel were also discussed during the meeting.
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