Bloomberg News

Chevron Kazakh Venture Output Back to Normal After Fire at Plant

December 09, 2011

Dec. 9 (Bloomberg) -- TengizChevroil LLP, the Kazakh oil venture led by Chevron Corp., said production “safely returned to normal rates” yesterday evening after a fire at one of its processing plants.

The liquefied petroleum gas treatment unit has been isolated after the blaze, the Atyrau-based venture said today in an e-mailed statement. The Complex Technology Line 1 at the Tengiz oilfield is running without the unit, the venture said.

“Teams are concentrating on repairing the unit and the investigative group has begun work to determine the cause of the incident,” the company said.

TengizChevroil said yesterday the fire at the processing plant will have a “minimal” effect on total production.

Chevron, based in San Ramon, California, holds 50 percent of TengizChevroil. Exxon Mobil Corp. has 25 percent, Kazakhstan’s state-owned KazMunaiGaz National Co. owns 20 percent and Lukarco, owned by Russia’s OAO Lukoil, 5 percent.

--Editors: Torrey Clark, Stephen Cunningham

To contact the reporter on this story: Nariman Gizitdinov in Almaty at ngizitdinov@bloomberg.net

To contact the editor responsible for this story: Steve Voss at sev@bloomberg.net


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