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Kazakhstan News

Chevron Saying Yes To $25 Billion Expansion In Kazakhstan Would Be A Bullish Move Kazakhstan News

Chevron Saying Yes To $25 Billion Expansion In Kazakhstan Would Be A Bullish Move

To ramp up production, the consortium may move forward with the Future Growth Project. If they do, the expansion would increase oil production from the field to 290 million barrels (795,000 bo/d), versus 193 million barrels (530,000 bo/d) in 2012. Overall production, which includes natural gas and NGLs, would go up by 250,000 - 300,000 BOE/d. Chevron has a lot to gain from the Future Growth Project. If approved, it would boost Chevron's oil/liquids production by ~130,000 bo/d, resulting in 7.65% company-wide oil/liquids growth and 5.06% total production growth for Chevron (based on its Q3 2014 numbers). January 6 2015, 10:12 5 792 views