Yes! Another Post On Chevron And Kazakhstan -- December 12, 2018 - Hallo friendsMY LIVE MY WAY, In the article you read this time with the title Yes! Another Post On Chevron And Kazakhstan -- December 12, 2018, We have prepared this article for you to read and retrieve information therein. Hopefully the contents of postings Article my style, Article my way, Article New ways, Article their way, We write this you can understand. Alright, good read.

Title : Yes! Another Post On Chevron And Kazakhstan -- December 12, 2018
link : Yes! Another Post On Chevron And Kazakhstan -- December 12, 2018

Yes! Another Post On Chevron And Kazakhstan -- December 12, 2018

Two recent posts on this subject:

• Chevron's short-cycle story, December 11, 2018
• Chevron, first of the majors to report 2019 CAPEX, December 10, 2018

I'm posting this again because it provides more data points regarding Kazakhstan. Data points from oilprice:

• Chevron, 2019 CAPEX; first annual increase since the 2014 oil price crash
• most of Chevron's investment geared toward short-cycle projects (i.e., shale)
• Tengiz field, western Kazakhstan steppe: Chevron to invest $4.3 billion in 2019 in the Future Growth Project
• Chevron "holds 50% in the operator of the Tengiz field, Tengizchevroil (TCO)
• other shareholders:
• • Kazakhstan's state-held energy firm KazManayGas, 20%
  • ExxonMobil Kazakhstan, 25%
  • LukArco, 5%
• the numbers are a little hard to figure out, but eventually, the field should produce one million boepd (compare to Bakken currently producing 1.3 million bbls crude oil per day)
• Tengiz expansion
• • ultimate total cost estimate: $36.8 billion
  • Tengiz: deepest producing supergiant oil field
  • Tengiz: largest single-trap producing reservoir in existence
  • 2018: $3.7 billion
• for Chevron: two pillars for CAPEX spending
• • US shale
  • Tengiz, Kazakhstan field expansion
• for the Permian, in contrast: $3.6 billion
• for other US shale plays: $1.6 billion
• total 2019 CAPEX: $5.2 billion vs $4.3 billion in 2018

https://ift.tt/2dZyQXu

Thus Article Yes! Another Post On Chevron And Kazakhstan -- December 12, 2018

That's an article Yes! Another Post On Chevron And Kazakhstan -- December 12, 2018 This time, hopefully can give benefits to all of you. well, see you in posting other articles.

You are now reading the article Yes! Another Post On Chevron And Kazakhstan -- December 12, 2018 with the link address https://mylivemyidea.blogspot.com/2018/12/yes-another-post-on-chevron-and.html

Tweet

Subscribe to receive free email updates: