Company

Tengizchevroil is a leading company in Kazakhstan that produces oil, gas and associated products that fuels the modern economy. Our history is closely interlinked with the rise of an independent Kazakhstan.We safely and reliably produce products that heat homes, fuel cars, support businesses and benefit society.Our primary purpose is to create value for the Republic of Kazakhstan, our four shareholders, the communities where we live and operate and ourselves. We are proud to contribute to the country’s economic progress and future.

Oilfield

Tengiz is located on the 2.500 square kilometer (1.600 square mile) project license area which includes the super giant Tengiz field, and a smaller but sizable Korolev field and several exploratory prospects.

barrels

Tengiz field

3,1 billion tonnes

(25 billion barrels)

barrels

Korolev field

200 million tonnes

(1,6 billion barrels)

Total recoverable crude oil in the Tengiz and Korolev fields is estimated to be 1.4 billion metric tonnes (25 billion barrels) with 200 million metric tonnes (1.6 billion barrels) in the Korolev field. Tengiz field is one of the world's deepest developed super giant oil fields, with the top of the reservoir at about 4.000 meters (13.000 feet). Tengiz reservoir is 20 kilometers (12 miles) wide by 21 kilometers (13 miles) long. The oil column measures an incredible one mile thick.

Production and sales:

oil-2

28,9 million

Crude
(in tonnes)

oil-industry

1,3 million

LPG
(in tonnes)

Dry Gasr

7,9 billion

Dry gas
(in m3)

Sulfur

2,7 million

Sulfur
(in tonnes)

Benefits to Republic of Kazakhstan:

exchange

Direct payments in 2023

13,9 billion

(in US dollars)

exchange

Total payments since 1993

190 billion

(in US dollars)

Direct financial payments include Kazakhstani employees' salaries, purchases of Kazakhstani goods and services, tariffs and fees paid to state-owned companies, profit distributions to Kazakhstani shareholder and taxes and royalties paid to the government.

1979

1985

1985

1986

1991

1993

1993/98

1997

1999

2001

2001/08

2006/08

2008

2009

2009/12

2011

2012

2013

2013

2015

2016

2017

2018

2019

2019

2020

2020/21

2021

2021

2022

Discovery of Tengiz field

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Tengiz oil field, located on the west part of Kazakhstan, was discovered in 1979. 18 December 1979 the first well in the field gave oil from presalt formation at the depth of 4045 – 4095 meters. From beginning to middle of the eighties of the past century drilling works were aggressively conducted on the territory of the field, and more than hundred wells were drilled.

Tengizneftegas was formed

Tengizneftegas Production Association was established in February 1985 to develop the giant field.

T-37 incident

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In June 1985, there was a fire in the well T-37. The fire lasted more than 400 days and was liquidated with assistance of specialists of the Cameron American company.

Start of construction activities at Tengiz

In early 1986 construction works were aggressively carried out in oil field facilities, with coming of spring – in the plant area. specialists and constructors from Western German. France, Canada and Hungarian People's Republic arrived in Tengiz. The Hungarian company Vedepsier construction of the Tengiz gas processing plant - KTL-1 and KTL-2 jontly with Lurgi German company, Canadian Lavalin and American - Litvin companies as per the project developed by home oil institutes.

Launching Tengiz oil and gas complex

6 April 1991 Engineer Boris Vasilyev and operators Abdulkhamit Artygaliyev and Gafurin Aubakirov launched the well T-8. Crude oil was delivered to the plant complex for treatment from H2S and admixtures. Tengiz oilgas complex started.

Tengizchevroil was formed

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Since 6 April 1993 signing of the agreement about establishment of Kazakh-American Joint Venture on development of Tengiz field took place in Almaty. The Agreement was signed by President of the RoK Nursultan Nazarbayev and Head of American Chevron oil corporation Kenneth Derr. The established joint venture was given the name - TENGIZCHEVROIL.

Launch of Bonus Fund Atyrau program

Lorem Implementation of a five-year social investment program Bonus Fund Atyrau started with the budget of $50 million. Construction of automated boiler and natural gas pipeline started from the Redut village to the city boiler house with the capacity that is sufficient for further gas supply to the city and adjacent communities in Atyrau. As part of the Bonus Fund Atyrau program aggressive construction of bakery plant was in progress and d repair and re-equipment of Atyrau oblast hospital was completed. First aid assistance hospital was built in Kulsary and Atyrau Diagnostic Center equipped with modern medical device, and was put into operation.

First modernization of oil complex

In 1997 the first major oil complex upgrade was completed in Tengiz – the Debottlenecking project – Expansion of narrow areas was performed that allowed to increase annual oil production up to 7 million tons. In the same year works on further production capacity increase - Train 5 and Program 12 started. the projects were completed in 2001 and allowed to increase production up to 12 million tons.

Start of Egilik social infrastructure projects

New Egilik voluntary program (in translation from Kazakh - "benefit") was launched. As part of the current program on reconstruction of central bridge through the Ural river in Atyrau as well as improvement of the oblast center $4 million was allocated. In the following 2000 the budget of the program will make $5 million.

Launch of CPC pipeline

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In early 2001 CPC pipeline was put into operation for transportation of Tengiz field to oil stations of the Black Sea port.

Construction of Second Generation Plant and Sour Gas Injection complex

In 2001, SGP/SGI activities started. Implementation of the first expansion project in the history of Kazakhstani oil industry was started in 2003 and successfully completed in 2008.

Annual budget of the Egilik program is $12 million

Commissioning of Second Generation Plant

SGP/SGI complex was put into operation by President of the RoK Nursultan Nazarbayev on 5 June 2008. Second Generation Plant – the largest innovation project. Joint Venture Tengizchevroil has been a real corporate leader of oil and gas sector of the country. This project, that is worth $7 billion, is the largest in CIS. "Its capacity will allow Kazakhstan to produce 25 million tons of oil per year. In addition, using advanced technology equipment will considerably decrease hazardous air emission", Head of the State said.

Production of crude oil achieved 25 millions tons

Annual oil production increased up to 25 million tons after driving SGP/SGI to the project capacity in 2009, i.e. almost doubled the plant capacity.

By this year budget of the Egilik program is $20 million

Over the period of implementation of the Egilik program over $150 million was allocated for various infrastructure projects in the Atyrau oblast.

TCO is awarded with Paryz Grand Prize

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In 2011 TENGIZCHEVROIL was awarded with Republican Paryz Grand Prize on social responsibility. The Awarding Ceremony was hosted in Astana, where President of Kazakhstan N. Nazarbayev. delivered the prize to TCO General Director Tim Miller.

TCO Produces 2 billion barrels of oil since 1993

Tengizchevroil LLP increases annual Egilik spending to $25 million

TCO wins few awards: "Company of the year in petroleum industry" – "Korgan" National industrial contest; Laureate of Corporate Social Responsibility award at the 8th KAZENERGY Eurasian Forum. "TCO Newsletter" is announced as the best regional corporate newsletter by the ENERGY TRIBUNE-2013.

TCO celebrates 20th anniversary since its formation

Over the past 20 years TCO's contribution to social programs and projects in the Atyrau oblast exceeded $800 million. Direct payments of the company to the Republic of Kazakhstan were more than $77 billion.

Sulphur Inventory Elimination in Tengiz

In late October of this year, Tengizchevroil formally reported to the government that the company offloaded the last shipment of bulk sulfur from the sulfur pads – two years ahead of schedule.

FGP-WPMP Final Investment Decision was announced

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In July 2016, TCO Partners announced the Final Investment Decision on FGP-WPMP. This was a significant milestone for TCO and the Republic of Kazakhstan. These records and achievements are made possible by TCO's highly skilled, professional and dedicated workforce. We will continue to invest in training and provide our workforce with experience-building development opportunities.

TCO produces 3 billion barrels of crude since 1993.

TCO celebrates its' 25th Anniversary

image1

At the peak of the FGP-WPMP construction, about 90,00 Kazakhstanis work at the Tengiz field.

The program for vocational training vocational for residents of Atyrau and Mangistau regions was launched and implemented under an agreement between Akimats and Tengizchevroil

FGP-WPMP’s last Pre-Assembled Unit (PAU) was safely delivered to the Tengiz field, for further reassembly

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TCO contributes over $18 million (7.7 billion tenge) to support the population in the ongoing battle against COVID-19, including purchasing medical equipment and supplies for Atyrau Oblast

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Randstad Employer Brand Research, an independent international company, recognized Tengizchevroil in 2020 as the Best Employer in Kazakhstan

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Tengizchevroil (TCO) reached an incredible milestone in its history, by surpassing 500 million tonnes (4 billion barrels) of crude oil production since 1993

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Launch of the Integrated Operations Control Center (IOCC), a state-of-the-art facility that integrates the management of all TCO’s production plants into one control center and operating model

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Getting Results the Right Way

The TCO Way explains who we are, what we believe, how we achieve our mission and where we aspire to go. It establishes a common understanding of our values and behaviors not only for us, but for all who interact with us.

Values

Our values define us and guide our actions in delivering results. We conduct our business in a socially and environmentally responsible manner, respecting the law and benefitting the communities where we work.

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.

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.

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.

  • #TCO 06 April 2024
    TCO Allocates 2 Billion Tenge For Flood Response

    Atyrau, Kazakhstan – April 6, 2024 – Tengizchevroil LLP (TCO) stands united with the residents of Atyrau oblast and the people of Kazakhstan during this challenging time.

  • #TCO 06 April 2024
    How artificial intelligence is used in Tengizchevroil

    Tengizchevroil LLP (TCO) continues to introduce new artificial intelligence tools that can effectively help address requests from company specialists. TCO experts spoke about this and how digitalization has become an important vector in the company’s development, during the 21st North Caspian Regional Exhibition “Atyrau Oil and Gas,” where the company is the main sponsor.

  • #TCO 23 February 2024
    Tengizchevroil Announces 2023 Business Performance Results

    Atyrau, Kazakhstan – February 23, 2024 – Tengizchevroil LLP (TCO) today, announced its business performance results for 2023, with crude oil production at 28.9 million metric tonnes (230.6 million barrels), while total air emissions intensity was reduced to the lowest rate since 2000. During last year, all of TCO’s dry gas sales were provided to the Kazakhstan domestic market and the company remained a consistent supplier of liquified petroleum gas to local residents and industry.

  • #TCO 06 April 2024
    TCO Allocates 2 Billion Tenge For Flood Response

    Atyrau, Kazakhstan – April 6, 2024 – Tengizchevroil LLP (TCO) stands united with the residents of Atyrau oblast and the people of Kazakhstan during this challenging time.

  • #TCO 06 April 2024
    How artificial intelligence is used in Tengizchevroil

    Tengizchevroil LLP (TCO) continues to introduce new artificial intelligence tools that can effectively help address requests from company specialists. TCO experts spoke about this and how digitalization has become an important vector in the company’s development, during the 21st North Caspian Regional Exhibition “Atyrau Oil and Gas,” where the company is the main sponsor.

  • #TCO 23 February 2024
    Tengizchevroil Announces 2023 Business Performance Results

    Atyrau, Kazakhstan – February 23, 2024 – Tengizchevroil LLP (TCO) today, announced its business performance results for 2023, with crude oil production at 28.9 million metric tonnes (230.6 million barrels), while total air emissions intensity was reduced to the lowest rate since 2000. During last year, all of TCO’s dry gas sales were provided to the Kazakhstan domestic market and the company remained a consistent supplier of liquified petroleum gas to local residents and industry.