On 21 April 2022, Daniyar Berlibayev, Chairman of
the Board of Directors of the Consortium, Deputy Chairman of the Board of JSC
NC KazMunayGas made a working trip to the CPC Marine Terminal near Novorossiysk
to familiarize himself with the progress and results of repairs on SPM-2 and
SPM-3 damaged earlier by storm.
In the course of the visit to the MT Shore Facilities,
a working meeting was held with Nikolay Gorban, CPC General Director.
Nikolay Gorban and Daniyar Berlibayev inspected jointly
the storm-damaged equipment of the Consortium, heard reports of the MT and contractor
managers on the diving operations carried out at SPM-2 and SPM-3: flushing of
both devices, replacement of hoses on SPM-3, pressure testing and
serviceability check of the SPM-3 systems, preparation for its putting into
operation.
Weather conditions prevented completion of all outlined
pre-starts and checks by 21.04.2022. So, at the time of the inspection, PLEM (pipeline
end manifold) at SPM-3 was not open – the so-called “cut-off valve”.
In the course of the visit, the CPC Shareholder representative
verified the earlier stated damage to the floating hoses. Besides, the top
managers discussed probable timeline for SPM-2 recovery completion. Work on
SPM-2 will continue depending on weather conditions favorable for diving
operations.
Upon the visit results, Daniyar Berlibayev expressed
confidence that normal operation of SPM-3 would resume in the next few days,
enabling fulfillment of the shipper nominations as per the lifting schedule.
For information:
The
CPC Pipeline System is one of CIS largest energy investment projects that
involves foreign capital. The length of the Tengiz – Novorossiysk pipeline is
1,511 km. This route moves over two thirds of all Kazakhstan export oil along
with crude from Russian fields including those in the Caspian region. CPC
Marine Terminal is equipped with three Single Point Moorings (SPM), allowing
tankers to be loaded safely at significant distance offshore, including in poor
weather conditions
CPC
Shareholders: Federal Agency for State Property Management represented by
Transneft (trustee) – 24%, CPC Company – 7%, KazMunayGas – 19%; Kazakhstan
Pipeline Ventures LLC – 1.75%, Chevron Caspian Pipeline Consortium Company –
15%, LUKARCO B.V. - 12.5%, Mobil Caspian Pipeline Company - 7.5%, Rosneft-Shell
Caspian Ventures Limited - 7.5%, BG Overseas Holding Limited - 2%, Eni
International N.A. N.V. - 2%, and Oryx Caspian Pipeline LLC – 1.75%.