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Stock impact report

Tengizchevroil starts WPMP operations at Tengiz oil field in Kazakhstan [Yahoo! Finance]

PDC Energy, Inc. (PDCE) 
Last pdc energy, inc. earnings: 2/26 04:30 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.pdce.com/presentations.cfm
Company Research Source: Yahoo! Finance
LLP (TCO) has safely commenced operations at its Wellhead Pressure Management Project (WPMP) at the Tengiz oil field in Kazakhstan. TCO achieved this milestone by converting its first metering station at Tengiz to low pressure and activating the associated Pressure Boost Facility (PBF). This marks important progress for TCO's overall expansion project at Tengiz. The WPMP is designed to maintain the existing processing plants' full capacity (approx. 28 million tonnes per annum), by lowering the flowing pressure at the wellheads and then boosting the pressure to the existing plants. "This is a significant step towards completion of the Future Growth Project (FGP). It is also important progress for the modernization of the existing base business at Tengiz and demonstrates TCO's commitment to safely and reliably manage operations, while maximizing the ultimate recovery of resources critical to global energy security," said Clay Neff, President of Chevron International Exploration an Show less Read more
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