Chevron Plans $6B Tengiz Oil Field Expansion

Law360, New York (February 15, 2012, 6:16 PM EST) -- Chevron Corp. said Wednesday that an expansion at oil fields owned by its affiliate in Kazakhstan could boost daily production by as much as 300,000 barrels, offering new details about a $6 billion plan long in the works to pump more crude from the vast Tengiz oil fields.

Tengizchevroil LLP, which is 50 percent owned by Chevron, plans to increase its use of sour gas injection, a technology that helps thin oil and regulate pressure for easier pumping. If the rosiest estimates prove true, Tengiz will...
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