With cumulative spent of over 46.8 billion US dollars on sourcing goods and services locally TCO remains a leading contributor into Kazakhstani content development
TCO operates one of the largest and technologically challenging oilfields in the world. Safety and reliability of exploration and production operations in Tengiz are the key to success in fueling Kazakhstani's economic progress and fulfilling global energy demand. Our mission is to source goods and services that meet international standards while enabling opportunities for local suppliers and talents.
The information contained in the TCO contracting and procurement plan is a forecast of Tengizchevroil LLP's (hereinafter – TCO) needs in goods, works or services for the upcoming period referenced therein. The publication of data related to these forecasted sourcing, contracting and/or procurement activities is provided for information only and shall not be considered as a commitment by TCO to conduct any given activity or an offer by TCO to any person to participate in it. Sourcing, contracting and/or procurement activities published earlier may be postponed, modified or cancelled at TCO's own discretion without prior notice. Please monitor this website regularly for any updates. TCO explicitly waives any responsibility or liability for any damages or losses that may be sustained by any person arising out of or in connection with such person's reliance on the data published in TCO's contracting and procurement plan.
Please email us at
kcdsearch@tengizchevroil.com
HV cables, LV distribution boards, transformers, Substation, Remote Terminal Units
HV motors repair service, Heat exchanger, Retubing facility
Tanks and vessels
Valves, Flanges & fittings, Stud bolts, Spectacle blinds & spacers
Fiberoptic cable
Waste recycling, safety and compliance online training, wood waste removal, safety garments
In 2019 alone TCO and its suppliers fulfilled 13 Kazakhstani content plans under long-term contracts
TCO works with globally recognized original equipment manufacturers (OEM) to maintain safe, reliable and uninterrupted production operations and continue executing FGP-WPMP project. We have partnered with several OEMs to create lonough building infrastructure, technology transfer and talent development
TCO identifies opportunities for local content development with existing and potential suppliers
TCO and suppliers negotiate these opportunities and Kazakhstani Content plan is created
TCO and suppliers formalize KC plans within the agreements
TCO continuously monitors compliance and performance
When it comes to local content, measuring our performance is important to track our success. Calculation and reporting of Kazakhstani content spent is one of the legal requirements for TCO. It’s in our best interests to ensure that TCO suppliers are familiar with methodology of KC calculation. On a quarterly basis we conduct relevant training for our Business Partners that cover certain aspects of Subsoil Use Code and governmental decrees, which govern the calculation of local content, basic concepts and definitions, and examples of calculating KC in goods and services spent. Please note that this training is dedicated to TCO’s current suppliers and contractors only.
“Tengizchevroil” LLP (TCO) continues actively support and develop the local contractors by creating more accessible terms to participate in major contracts. Now Kazakhstani suppliers can utilize the guarantees issued by second-tier banks. Accordingly, TCO takes an important step towards Kazakhstani business fostering its growth and sustainability.
TCO continues to demonstrate its dedication to supporting local companies by simplifying the terms and conditions and opening new opportunities for their development. Effective May 14th, 2024, TCO made significant changes to bank guarantee requirements. Kazakhstan service providers can now leverage guarantees issued by second-tier banks with credit ratings of at least BBB (S&P and Fitch) or Baa2 (Moody’s) for contracts totaling ten million USD. According to TCO Finance General Manager, Dwight Crabtree, this new practice considerably facilitates the access of local companies to major contracts by reducing the financial burden and encouraging the participation in strategically critical projects.
- We understand that financial requirements can be a barrier for many local contractors and therefore TCO has made important changes to bank guarantee requirements. For contracts that do not fall under the new criteria, TCO will continue to apply the existing requirements for bank guarantees from second-tier banks with at least an “A” rating. This confirms the company’s commitment to the high standards for financial sustainability in executing major projects, - Crabtree added.
Also, in compliance with the amendments, second-tier banks may issue guarantees on behalf of Kazakh companies with confirmation from an “A” rated bank that ensures the additional financial sustainability. Meanwhile, the company noted that TCO reserves the right to change the requirements for bank guarantees depending on the size of the contract, financial state of the supplier and complexity of the work.
This flexibility affords the requirements to adapt to the real conditions and needs of Kazakhstani companies. These changes show that TCO continues to support the development of Kazakhstani contractors by creating more beneficial terms for their participation in major contracts. Amendments in bank guarantee requirements reflect the company’s commitment to strengthen ties with local business and boosting economic growth in the country.
It is worth to note that Tengizchevroil has always been one of the key participants in the economic development of Kazakhstan and one of leading players in developing the local business. Since 1993 Tengizchevroil has purchased goods and services of Kazakhstani suppliers of more than $48,4 billion. In the first quarter of 2024, expenditure on Kazakhstani content development amounted to approximately $790 million including over $440 million within the framework of Future Growth Project and Wellhead Pressure Management Project (FGP-WPMP). In general, it should be noted that the overall level of Kazakhstani content in goods and services purchased by TCO achieved more than 70% by the end of 2023 compared to 11% in 1993. This data shows that the promotion and development of local resources and enterprises in the oil and gas industry is an integral part of Tengizchevroil’s sustainable development.
“Tengizchevroil” LLP (TCO) continues actively support and develop the local contractors by creating more accessible terms to participate in major contracts. Now Kazakhstani suppliers can utilize the guarantees issued by second-tier banks. Accordingly, TCO takes an important step towards Kazakhstani business fostering its growth and sustainability.
TCO continues to demonstrate its dedication to supporting local companies by simplifying the terms and conditions and opening new opportunities for their development. Effective May 14th, 2024, TCO made significant changes to bank guarantee requirements. Kazakhstan service providers can now leverage guarantees issued by second-tier banks with credit ratings of at least BBB (S&P and Fitch) or Baa2 (Moody’s) for contracts totaling ten million USD. According to TCO Finance General Manager, Dwight Crabtree, this new practice considerably facilitates the access of local companies to major contracts by reducing the financial burden and encouraging the participation in strategically critical projects.
- We understand that financial requirements can be a barrier for many local contractors and therefore TCO has made important changes to bank guarantee requirements. For contracts that do not fall under the new criteria, TCO will continue to apply the existing requirements for bank guarantees from second-tier banks with at least an “A” rating. This confirms the company’s commitment to the high standards for financial sustainability in executing major projects, - Crabtree added.
Also, in compliance with the amendments, second-tier banks may issue guarantees on behalf of Kazakh companies with confirmation from an “A” rated bank that ensures the additional financial sustainability. Meanwhile, the company noted that TCO reserves the right to change the requirements for bank guarantees depending on the size of the contract, financial state of the supplier and complexity of the work.
This flexibility affords the requirements to adapt to the real conditions and needs of Kazakhstani companies. These changes show that TCO continues to support the development of Kazakhstani contractors by creating more beneficial terms for their participation in major contracts. Amendments in bank guarantee requirements reflect the company’s commitment to strengthen ties with local business and boosting economic growth in the country.
It is worth to note that Tengizchevroil has always been one of the key participants in the economic development of Kazakhstan and one of leading players in developing the local business. Since 1993 Tengizchevroil has purchased goods and services of Kazakhstani suppliers of more than $48,4 billion. In the first quarter of 2024, expenditure on Kazakhstani content development amounted to approximately $790 million including over $440 million within the framework of Future Growth Project and Wellhead Pressure Management Project (FGP-WPMP). In general, it should be noted that the overall level of Kazakhstani content in goods and services purchased by TCO achieved more than 70% by the end of 2023 compared to 11% in 1993. This data shows that the promotion and development of local resources and enterprises in the oil and gas industry is an integral part of Tengizchevroil’s sustainable development.