TCO's 2017 Corporate Social Responsibility Report

Ted EtchisonGeneral Director
Murat Mukashev Deputy General Director

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Dear Readers, 

On behalf of TCO management and all our employees, it is an especially great honor and privilege for us to share with you Tengizchevroil’s (TCO) 2017 Corporate Responsibility Report. 

Since the company’s founding in 1993, we have achieved tremendous milestones in the safe and reliable production of oil and natural gas thanks to the dedicated efforts of many thousands of TCO employees, and the steady support for our business by the Government of Kazakhstan and our Partners. TCO has made significant contributions to Kazakhstan’s economy and improved the socioeconomic well-being of the residents of Atyrau Oblast. Indeed, we have grown and prospered together with the Republic of Kazakhstan and its people. 

As we look to the future, TCO is preparing to take performance to the next level. We are embarking on an effort to digitalize our operations. Digital technologies are rapidly changing how companies operate, and TCO’s digital transformation will help improve business performance by enabling new workflows, applying emerging technologies and introducing a fresh way of thinking and working across the enterprise. 

TCO’s state-of-the-art expansion project, Future Growth Project - Wellhead Pressure Management Project (FGP-WPMP), will also create a legacy of trained skilled workers, help facilitate technology transfer, and lead to upgraded infrastructure in the region.

At the same time, at TCO, achieving outstanding business performance is not good enough. How we achieve those results is just as important. And so, in 2017, the company updated its guiding document – the TCO Way – with input from key employee groups. The refreshed mission, vision and core values of the company define who we are, how we run our business, and how we interact with each other and our stakeholders. 

The TCO Way is fundamental to how we run our business. It directs our daily efforts to create and sustain collaborative and productive partnerships with our stakeholders based on trust. The TCO Way supports our efforts to maintain a diverse and inclusive work environment, encouraging our employees to strive for high performance and achieve the highest standards of integrity and trust. The TCO Way also guides our approach to corporate responsibility. 

The 2017 Corporate Responsibility Report describes how we demonstrate our business values in a socially and environmentally-responsible manner, respecting the law and benefiting the communities where we work.

We are a dedicated and leading corporate social investor in the Atyrau region, where we are headquartered and where many of our employees and their families live and work. We value our long-term partnership with the Atyrau Oblast Akimat. Through our commitment to corporate responsibility, we continue to focus on giving back to the communities where we operate.

We hope you enjoy reading this report as much as we have.

High Performance

We are committed to excellence and passionate about delivering results. We strive for efficiency and continual improvement. We demonstrate TCO’s high-performance behaviors and hold ourselves accountable for our actions and results.

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Protect People and the Environment

We have an unwavering commitment to personal and process safety, and protecting the environment. We strive for incident free operations with a focus on preventing high consequence events.

Diversity and Inclusion

We have an inclusive work environment that respects the uniqueness and diversity of cultures, and values individual talents, experiences and ideas.

Integrity and Trust

We are honest with ourselves and others. We earn trust by respecting and supporting each other and by operating with the highest ethical standards in all we do.


Partnership

We build trusting, productive and collaborative relationships with government, our shareholders, communities, business partners, customers and each other. We are most successful when we succeed together.