TCO completed gas recovery project
ATYRAU. 19.01.2010. KAZINFORM /Andrey Sokolov/ TengizChevroil has completed the implementation of the investment project on gas recovery with the budget of USD 258 mln. The completion of the project let TCO developing Tengiz and Korolevskoye deposits in Atyrau region reduce gas flaring by 95%. "Due to the support of our partners and the Kazakh Government TCO could successfully complete the gas recovery project on time and increase overall production of oil after the launch of the plant of the second generation and soar gas injection facilities", TengizChevroil General Director Todd Levy said. "Kazakhstan's content in the project made USD 129 mln. 900 local specialists were engaged in the construction works", Deputy General Director of TCO Anuarbek Dzhakiyev said. Over 50 percent of the construction works were fulfilled by Kazakhstani contracting companies as 'NSS' LLP and "Kazkomservice".