Chevron's (CVX) Tengiz Project Faces Cost Increase of $1.5B
Chevron Corporation's (CVX) ambitious Tengiz oil field project in Kazakhstan has recently encountered a significant setback. The expansion initiative, formally known as the Future Growth Project – Wellhead Pressure Management Project, is aimed at augmenting the total daily production from the Tengiz reservoir. However, unforeseen challenges have arisen, leading to a projected additional cost increase of 48.5 bil ...