Technip Energies pens services deal for Karachaganak field development

Engineering company Technip Energies, through its joint venture TKJV with KPSP, announced on June 18 the signing of a long-term services agreement with Karachaganak Petroleum Operating (KPO) for the development of the Karachaganak field in Kazakhstan.

This five-year agreement encompasses a range of services, from consulting and concept to detailed engineering, aimed at optimising and expanding the existing facilities and infrastructure of one of the largest oil and gas condensate fields in the world. The project will be executed through TKJV, Technip Energies’ locally incorporated joint venture established in 2019 to serve the Kazakh market by leveraging its engineering and technology capabilities.

Last week, the state-owned oil and gas company of Kazakhstan, KazMunayGas (KMG), and KPO discussed the progress of the gas processing plant project at the Karachaganak field, which aims to process 4.5 billion m³/year of raw gas.

The Karachaganak field was commissioned in 1979 and is located in north-west Kazakhstan. KPO is a joint venture of Eni (29.25%), Shell (29.25%), Chevron (18%), Lukoil (13.5%), and KMG (10%).