In July 2016, TCO Partners announced approval for the final investment decision of the Future Growth Project-Wellhead Pressure Management Project (FGP-WPMP), the next major expansion of the Tengiz oil field.
As part of FGP-WPMP project plans it is important for us to keep transparent two-way communication with our lenders. TCO is implementing a lender relations process to ensure that stakeholders will have ongoing opportunities to ask questions, comment and provide feedback.
Our focus is to keep an open dialogue with our lender base and timely respond on questions. In addition to the information found under the Company tab, we are happy to assist you with quick and reliable responses.
Tengizchevroil LLP (TCO) organized a forum for Kazakhstani companies specializing in engineering services to attract them to upcoming tenders. The event provided participants with an opportunity to learn scale of the upcoming projects, the requirements and a tender process, which will help them better prepare for participation in the tender and offer more competitive solutions.
Engineering works play a key role in maintaining and expanding operational efficiency at Tengiz field. One of the main tasks is to optimize existing processes to improve performance and reliability of equipment. Thorough planning and monitoring of construction works is carried out to ensure its compliance with international standards and safety requirements. Tengiz field is one of the most complex and largest oil and gas projects in the world. Ensuring technological safety and reliability at such a facility requires the use of advanced technologies and strict standards.
An important part of engineering work at TCO is constant monitoring and analysis of data related to the operation of equipment. This allows quickly identify and mitigate potential risks, as well as predict maintenance needs. TCO engineers apply modern analytical tools and technologies to ensure reliability and smooth operation of all systems at Tengiz field, actively involving local companies.
TCO pays special attention to development of local content, actively involving Kazakhstani suppliers in its projects at Tengiz field. Providing support to domestic companies, increasing their competitiveness, introduction of advanced technologies and standards allow them successfully to participate in TCO tenders. This contributes to growth of the national economy and creation of new opportunities for local contractors.
Sholpan Madiyeva, TCO Project Manager noted substantial success of Kazakhstani companies, which in recent years have become an integral part of TCO projects. According to Sholpan, local organizations have not only demonstrated high professionalism, but also proved their ability to meet international standards, which allows them to successfully compete at the international level.
— At TCO, we firmly believe that Kazakhstani content development is not just a contribution to the national economy, but also an important part of the joint success. TCO is committed to long-term partnerships with local contractors, helping them grow and become competitive in the international arena. This is confirmed by our recent success in the turnaround at Tengiz field, where over 7,000 Kazakhstani employees participated, and 20 local contracting companies implemented a number modernization works aimed at ensuring integrity and reliability of the plant. This confirms that together we can reach new heights and create a sustainable future for local suppliers. The contribution by Kazakhstani companies to TCO projects is the key to their future growth and sustainable development., — says Sholpan Madiyeva.
Tlekbek Iskaliyev, TCO Category Manager noted that one of the key aspects of TCO cooperation with local companies is the constant pursuit of improvement. Kazakhstani companies not only perform their tasks, but also actively introduce innovations that help to increase their competitiveness. Such progress inspires us to support local businesses and create new opportunities for their further growth.
— TCO will continue to strengthen partnerships with domestic companies, contributing to their development through new contracts, tenders and joint projects. We are confident that such cooperation not only benefits our projects, but also makes a significant contribution to the economy and industry of Kazakhstan, - highlighted Tlekbek Iskaliyev.
Therefore, the engineering forum not only provided important information to potential partners, but also became a platform for discussing possibilities of further expanding participation of local contractors in TCO projects. Kazakhstani content development remains an important element of TCO’s strategy aimed at long-term cooperation and sustainable development.
For reference:
It is worth to note that TCO has always been one of the key participants in economic development of Kazakhstan and one of leading players in developing the local business. Since 1993, TCO has purchased goods and services of Kazakhstani suppliers of over $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 promotion and development of local resources and enterprises in the oil and gas industry is an integral part of TCO’s sustainable development.
Tengizchevroil LLP (TCO) organized a forum for Kazakhstani companies specializing in engineering services to attract them to upcoming tenders. The event provided participants with an opportunity to learn scale of the upcoming projects, the requirements and a tender process, which will help them better prepare for participation in the tender and offer more competitive solutions.
Engineering works play a key role in maintaining and expanding operational efficiency at Tengiz field. One of the main tasks is to optimize existing processes to improve performance and reliability of equipment. Thorough planning and monitoring of construction works is carried out to ensure its compliance with international standards and safety requirements. Tengiz field is one of the most complex and largest oil and gas projects in the world. Ensuring technological safety and reliability at such a facility requires the use of advanced technologies and strict standards.
An important part of engineering work at TCO is constant monitoring and analysis of data related to the operation of equipment. This allows quickly identify and mitigate potential risks, as well as predict maintenance needs. TCO engineers apply modern analytical tools and technologies to ensure reliability and smooth operation of all systems at Tengiz field, actively involving local companies.
TCO pays special attention to development of local content, actively involving Kazakhstani suppliers in its projects at Tengiz field. Providing support to domestic companies, increasing their competitiveness, introduction of advanced technologies and standards allow them successfully to participate in TCO tenders. This contributes to growth of the national economy and creation of new opportunities for local contractors.
Sholpan Madiyeva, TCO Project Manager noted substantial success of Kazakhstani companies, which in recent years have become an integral part of TCO projects. According to Sholpan, local organizations have not only demonstrated high professionalism, but also proved their ability to meet international standards, which allows them to successfully compete at the international level.
— At TCO, we firmly believe that Kazakhstani content development is not just a contribution to the national economy, but also an important part of the joint success. TCO is committed to long-term partnerships with local contractors, helping them grow and become competitive in the international arena. This is confirmed by our recent success in the turnaround at Tengiz field, where over 7,000 Kazakhstani employees participated, and 20 local contracting companies implemented a number modernization works aimed at ensuring integrity and reliability of the plant. This confirms that together we can reach new heights and create a sustainable future for local suppliers. The contribution by Kazakhstani companies to TCO projects is the key to their future growth and sustainable development., — says Sholpan Madiyeva.
Tlekbek Iskaliyev, TCO Category Manager noted that one of the key aspects of TCO cooperation with local companies is the constant pursuit of improvement. Kazakhstani companies not only perform their tasks, but also actively introduce innovations that help to increase their competitiveness. Such progress inspires us to support local businesses and create new opportunities for their further growth.
— TCO will continue to strengthen partnerships with domestic companies, contributing to their development through new contracts, tenders and joint projects. We are confident that such cooperation not only benefits our projects, but also makes a significant contribution to the economy and industry of Kazakhstan, - highlighted Tlekbek Iskaliyev.
Therefore, the engineering forum not only provided important information to potential partners, but also became a platform for discussing possibilities of further expanding participation of local contractors in TCO projects. Kazakhstani content development remains an important element of TCO’s strategy aimed at long-term cooperation and sustainable development.
For reference:
It is worth to note that TCO has always been one of the key participants in economic development of Kazakhstan and one of leading players in developing the local business. Since 1993, TCO has purchased goods and services of Kazakhstani suppliers of over $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 promotion and development of local resources and enterprises in the oil and gas industry is an integral part of TCO’s sustainable development.
