KPO – Karachaganak Oil Processing Complex Expansion: Phase III – Uralsk - Project Profile
"KPO – Karachaganak Oil Processing Complex Expansion: Phase III – Uralsk - Project Profile" contains information on the scope of the project including project overview and location. The profile also details project ownership and funding, gives a full project description, as well as information on contracts, tendering and key project contacts.
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Karachaganak Petroleum Operating BV (KPO) a joint venture of BG Group, Eni, Chevron, LUKOIL and KazMunaiGas is planning to undertake the expansion of Karachaganak Oil Processing Complex: Phase III project at Karachaganak field, Oral, Kazakhstan.
The project involves the construction of oil processing complex with an increase in annual production capacity from 8BCM to 16BCM, a 120MW power station, storage facilities, a distillation unit, solid heat carrier units and related facilities, and installation of equipment.
Karachaganak Petroleum Operating B.V. (KPO) has signed an agreement of the phase III Karachaganak gas sales agreement (GSA) with KazRosGaz, a joint venture between Gazprom and KazMunaiGaz. The expansion is being carried out by the KazRosGaz joint venture.
Initially, there was a plan to develop a gas processing complex project in Karachaganak field; however due to funding issues the owner refused to go ahead with a new gas processing plant plan.
Karachaganak Oil Processing Complex Expansion: Phase III will be developed in different stages. The first stage was scheduled to be approved in 2008 but was delayed due to expected lower industry costs.
In the first stage, KPO is planning to invest US$14,500 million in order to maintain the production of hydrocarbon liquids (oil and condensate) to the current plateau of 11 million tonnes per year and boost the gas production from the 1.7 to 4 billion cubic feet per day.
In June 2007, Petrofac awarded the FEED study contract for the project.
In the fourth quarter of 2009, the project was put on hold as a result of the global financial crisis and spiralling costs.
In 2011, the project was again revived.
In March 2013, the project again put on hold.
In the fourth quarter 2013, the feasibility study was commenced.
An in-house division of KPO is undertaking the design activities.
Design activities on the project are underway.
The project involves the construction of oil processing complex at Karachaganak Field, Oral, Kazakhstan.
The US$20,000 million project includes the following:
1. Construction of an oil treatment plant
2. Construction of storage facilities
3. Construction of distillation units
4. Construction of a 120MW power station
5. Construction of related facilities
6. Installation of equipment
7. Installation of oil processing facilitiesReasons To Buy