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.
Last Friday, the PetroMaintenance 2024 Forum on oil and gas industry maintenance took place in Atyrau, where Tengizchevroil (TCO) showcased its commitment to local content development in maintenance and shared its extensive experience in maintenance operations.
Stephen Conner, TCO’s General Manager of Operations, highlighted the company’s significant investments in the development of Kazakhstani employees. Since 2007, TCO has successfully transitioned over 460 national employees into key leadership and technical positions, replacing foreign colleagues.
Stephen Conner emphasized that over the past 31 years, TCO has procured goods and services worth $48.4 billion from Kazakhstani suppliers. In 2023 alone, 70% of TCO’s spend was from local companies, a substantial increase from the 11% recorded in 1993.
“We recognize that small, medium, and large private businesses are the backbone of the market economy. We have proactively implemented measures to support these businesses, transfer technology, and maximize the use of local potential,” Conner stated.
He added that TCO has implemented a system for promoting the localization of production, which includes initial planning of Kazakhstani content in future procurements, commitments from new suppliers to localize production, employee training, and continuous monitoring of domestic goods purchases.
Stephen Conner also underscored TCO’s substantial contributions to Kazakhstan’s economy. From 1993 to the first half of 2024, the company made direct financial payments to the Republic of Kazakhstan totaling over $196 billion. Additionally, TCO has been recognized as the best taxpayer in the country by the Ministry of Finance of the Republic of Kazakhstan for three consecutive years.
Jerrod Hunt, TCO’s Maintenance Manager, also addressed the forum, stressing the importance of nationalizing personnel and collaborating with local contractors. He noted that currently, more than 95% of the maintenance department’s employees are Kazakhstani.
“On every single occasion that we promoted national employees, we have seen an improvement. They are talented, and we are very proud of that in our own leadership,” Jerrod Hunt said.
The forum provided a platform for TCO to reaffirm its commitment to local content development and share its successful strategies with industry peers, reinforcing its role as a key player in Kazakhstan’s oil and gas sector.
Last Friday, the PetroMaintenance 2024 Forum on oil and gas industry maintenance took place in Atyrau, where Tengizchevroil (TCO) showcased its commitment to local content development in maintenance and shared its extensive experience in maintenance operations.
Stephen Conner, TCO’s General Manager of Operations, highlighted the company’s significant investments in the development of Kazakhstani employees. Since 2007, TCO has successfully transitioned over 460 national employees into key leadership and technical positions, replacing foreign colleagues.
Stephen Conner emphasized that over the past 31 years, TCO has procured goods and services worth $48.4 billion from Kazakhstani suppliers. In 2023 alone, 70% of TCO’s spend was from local companies, a substantial increase from the 11% recorded in 1993.
“We recognize that small, medium, and large private businesses are the backbone of the market economy. We have proactively implemented measures to support these businesses, transfer technology, and maximize the use of local potential,” Conner stated.
He added that TCO has implemented a system for promoting the localization of production, which includes initial planning of Kazakhstani content in future procurements, commitments from new suppliers to localize production, employee training, and continuous monitoring of domestic goods purchases.
Stephen Conner also underscored TCO’s substantial contributions to Kazakhstan’s economy. From 1993 to the first half of 2024, the company made direct financial payments to the Republic of Kazakhstan totaling over $196 billion. Additionally, TCO has been recognized as the best taxpayer in the country by the Ministry of Finance of the Republic of Kazakhstan for three consecutive years.
Jerrod Hunt, TCO’s Maintenance Manager, also addressed the forum, stressing the importance of nationalizing personnel and collaborating with local contractors. He noted that currently, more than 95% of the maintenance department’s employees are Kazakhstani.
“On every single occasion that we promoted national employees, we have seen an improvement. They are talented, and we are very proud of that in our own leadership,” Jerrod Hunt said.
The forum provided a platform for TCO to reaffirm its commitment to local content development and share its successful strategies with industry peers, reinforcing its role as a key player in Kazakhstan’s oil and gas sector.
