C. I. S. joint ventures show progress

Journal Article · Mon May 25 04:00:00 EDT 1992 · Oil and Gas Journal; (United States)

OSTI ID:5346494

Chevron Corp. and the Kazakhstan Republic last week signed a joint venture agreement to develop Tengiz and Korolev oil fields on the northeastern Caspian SEa coast in western Kazakhstan. This paper reports that the 50-50 venture will spend $1.5 billion in the first 3 years and $20 billion during the 40 year life of the project. Present production of 60,000 b/d will increase to 700,000 b/d by 2010. The two fields hold as much as 25 billion bbl, of which 6-9 billion bbl are recoverable. The project is the largest joint venture yet between a major Commonwealth of Independent States republic and a major oil company (OGJ, May 18, p. 35).

• OSTI ID: 5346494
• Journal Information: Oil and Gas Journal; (United States), Journal Name: Oil and Gas Journal; (United States) Vol. 90:21; ISSN OIGJA; ISSN 0030-1388
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020700 -- Petroleum-- Economics
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29 ENERGY PLANNING, POLICY, AND ECONOMY
294002* -- Energy Planning & Policy-- Petroleum
ASIA
CASPIAN SEA
COASTAL REGIONS
COOPERATION
DEVELOPED COUNTRIES
EUROPE
EVALUATION
GEOLOGIC DEPOSITS
INDUSTRY
INTERNATIONAL COOPERATION
MINERAL RESOURCES
NORTH AMERICA
OIL FIELDS
OIL WELLS
PETROLEUM DEPOSITS
PETROLEUM INDUSTRY
PLANNING
PRODUCTIVITY
RESOURCE DEVELOPMENT
RESOURCES
SEAS
SURFACE WATERS
USA
USSR
WELLS