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News // Economy

Wood Group wins $700 mln contract in Kazakhstan

16 August 2016 , 16:19Neftegaz.RU673

Wood Group announced on August 16, 2016, that the company is providing main automation contractor (MAC) services to Tengizchevroil (TCO) for the Future Growth Project-Wellhead Pressure Management Project at the Tengiz Field in Kazakhstan.

 

The contract, which involves the Future Growth Project – Wellhead Pressure Management Projects, was valued at approximately $700 mln.

The automation scope of the Future Growth Project-Wellhead Pressure Management Project is one of the world’s largest industrial automation projects and we are pleased to be providing the solution that will help TCO meet its vision of a «flawless startup», Wood Group Chief Executive Robin Watson, said.

 

The service will be provided by Wood Group’s vendor-independent Automation and Control business under a multi-year contract.

Wood Group has been supporting this project since 2013, the company informed in a statement.

«We are combining the global expertise and capabilities of our Automation & Controls personnel in the UK, US, Argentina and Kazakhstan to deliver the complex systems needed for this world-class field and expansion project,» Robin Watson added.

 

Tengiz is located on the 2,500 square kilometer project license area which includes the super giant Tengiz field, and a smaller but sizable Korolev field and several exploratory prospects.

The Tengiz and Korolev fields have potential for an estimated 750 million to 1.1 billion metric tonnes (6 billion to 9 billion barrels) of recoverable oil.

Tengiz is also one of the world’s deepest developed giant oil fields, with the top of the reservoir at about 4,000 meters.

According to information on Tengizchevroil’s website, «the reservoir area is so large that one would have to run nearly two marathons to cover the entire distance around it».

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