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CPC guarantees efficient and environmentally safe movement of crude oil

The Project is designed to increase the trunk pipeline capacity

SPM 3 buoyancy tank inspection

24 August 2022 a diving structural inspection was completed at CPC Marine Terminal of SPM 3 buoyancy tank. Subsea equipment of the single point mooring system was found fit for further unlimited use, which will enable fulfillment of oil shippers’ current nominations. Efficient cooperation is worth noting of CPC and shippers that resulted in a time slot arranged between tanker positions during daylight to facilitate the necessary diving inspection.

At this time on SPM 1 activities are ongoing to flush the lifting system in preparation for replacement of a damaged buoyancy tank (BT) to follow.

The Consortium has now practically completed prequalification of contractors from the available reserve for delivery of services in BT replacement. The selection process included both Russian and foreign companies.

CPC had recently suspended in August 2022 loading from two single point moorings of the available three following discovery of cracks on SPM 1 and SPM 2 in buoyancy tank to subsea hose connections.

CPC has developed an appropriate terms of reference and is preparing to proceed with replacement of the abovementioned tanks.

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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%.