Tengiz Oil Field Expected to Resume Full Production
Kazakhstan’s Tengiz oil field, which accounts for approximately 40% of the country’s total oil output, has partially resumed operations following last month’s fire-related shutdown of power facilities. Production has recovered to roughly 60% of normal levels and is projected to reach full capacity by February 23, according to industry sources cited by Reuters.
The partial restart has already contributed to an increase in Kazakhstan’s overall oil and gas condensate output, with daily production averaging 1.6 million barrels per day (bpd) from February 1–8, up from 1.27 million bpd in January.
On February 8, Tengiz produced approximately 70,000 metric tons of crude, equivalent to 550,000 bpd. Peak production is expected to reach around 120,000 metric tons per day, or 950,000 bpd, by February 23.
The disruption has significantly affected Kazakhstan’s oil exports, particularly via the Caspian Pipeline Consortium (CPC), the nation’s primary export route. Preliminary February shipments through CPC are expected to decline to approximately 1.1 million bpd from the planned 1.7 million bpd. In January, CPC Blend crude loadings fell to 880,000 bpd, nearly 50% below the original schedule.
Photo credit: Tengizchevroil
