Technip Energies NV, a French engineering and technology company specializing in the energy sector, has signed a five-year service agreement with Karachaganak Petroleum Operating B.V. (KPO) to develop the Karachaganak field in northwest Kazakhstan.

Source: The Times of Central Asia

The agreement, as stated by Technip representatives, encompasses a wide array of services ranging from consulting and conceptualization to the detailed design of facilities and infrastructure.

The project will be carried out through the joint venture TKJV LLP, established by Technip Energies in partnership with the Kazakh company KPSP.

Technip Energies is actively involved in various projects in Kazakhstan, including the production of "green hydrogen" (Hyrasia One) and the construction of a gas processing plant at Kashagan.

Previously, Kazakhstan's Energy Minister, Almasadam Satkaliyev, disclosed plans for investment projects aimed at expanding Karachaganak. These projects are projected to run until 2028 and sustain an annual production target of 11 million tons.