present, the three SPMs at CPC's disposal are in working order and ready for
operation and oil lifting are carried out in accordance with the actual weather
from two of three Single Point Moorings in configuration (SPM-3 and SPM-2 /
SPM-3 and SPM-1) depending on the conditions of the ongoing seabed inspection
by the MChS combined team as part of the mandatory set of activities for the
detection and elimination of explosive objects (EOI), preceding the work
related to touching the seabed near SPM-1 and SPM-2.
a reminder: as part of its scheduled maintenance and repair program, CPC
implements a long-term project to replace Single Point Moorings SPM-1 and
SPM-2, which involves work related to touching the seabed: replacing underwater
manifolds, installing anchor-pods, installing and laying chains and other SPM
accordance with the requirements and regulatory documents of the seaport of
Novorossiysk and the Black Sea Fleet of the Russian Armed Forces, in order to
eliminate the residual mine hazard before the start of work related to touching
the ground, it is necessary to implement a mandatory set of measures to detect
and eliminate EOI.
CPC Pipeline System is one of the major
investment projects with foreign capital in energy sector in the CIS. The
length of the Tengiz – Novorossiysk pipeline is 1,511 km. This route transports
over two thirds of all Kazakhstan export crude, as well as crude from Russian
oil fields, including those in the Caspian Region. CPC Marine Terminal is
equipped with three Single Point Moorings (SPM) that allow to load tankers
safely at a significant distance offshore, also amid poor weather conditions.
CPC Shareholders: Federal Agency for State
Property Management represented by Transneft (trust management) – 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. S.ar.l. – 2% and Oryx
Caspian Pipeline LLC – 1.75%.