Atyrau, Kazakhstan, September 2, 2017
– Since its inception, Tengizchevroil LLP (TCO) has made significant contributions to the socio-economic development of Kazakhstan. One of the main objectives of the company that will celebrate its 25th anniversary next year is to provide benefit to the local population through the development of social infrastructure in Atyrau Oblast.
On the eve of upcoming academic year, TCO constructed a new 624-seat building for Specialized Technical Gymnasium (STG) in Nursaya Microdistrict, Atyrau, funded through its voluntary Egilik social infrastructure program. The school is equipped in accordance with all contemporary requirements: it has sports grounds, a library and a large canteen.
The ceremony of handing over the facility was attended by the representatives of Oblast and City Akimats, Oblast Department of Construction, TCO, teachers, students and their parents. At the ceremony, Akim of Atyrau oblast N.A. Nogayev, thanked TCO and the contracting companies on behalf of the local community.
“Over the life of the Egilik program, TCO has funded nearly $250 million and implemented 130 projects, as a result more than 1,000 new jobs were created for doctors, teachers and technical personnel. We are confident that many talented students will graduate from this school and make their invaluable contribution to the future prosperity of Kazakhstan” said in his speech TCO General Director Ted Etchison.
Tengizchevroil LLP is a Kazakhstani partnership that explores, develops, produces and markets crude oil, LPG, dry gas and sulfur. TCO conducts its operations in accordance with world-class safety and environmental standards. In April 1993, Tengizchevroil was formed between the Republic of Kazakhstan and Chevron Corporation. Current partners are: Chevron Overseas Company, 50 percent; KazMunaiGas NC JSC, 20 percent; ExxonMobil Kazakhstan Ventures Inc., 25 percent; and LukArco B.V., 5 percent.
The Future Growth Project-Wellhead Pressure Management Project (FGP-WPMP) are two integrated projects implemented by TCO simultaneously. FGP implementation will allow to increase Tengiz crude oil production capacity by approximately 12 million tonnes per year or 260,000 barrels per day and the overall Tengiz crude oil production capacity will be approximately 39 million tonnes per year or 850,000 barrels per day. While FGP implementation will expand production, WPMP will keep the existing Tengiz plants at full capacity by lowering wellhead pressure and boosting the pressure of the six existing processing trains.