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.
Vice Minister of Energy of the Republic of Kazakhstan, Alibek Zhamauov, Head of Gas Industry Department, Bakhytzhan Taubaev, and Head of Oil Industry Department, Berik Ermakhanov visited the Tengiz field. During the visit, the delegation got acquainted with the key production facilities of Tengizchevroil (TCO), including Complex Technological Line (KTL), Second Generation Plant (SGP), Third Generation Plant (3GP) and Integrated Operations Control Center (IOCC).
Also, during the visit, Alibek Zhamauov discussed with TCO management the current level of oil and gas production, while emphasizing the strategic importance of timely commissioning of the Future Growth Project (FGP) facilities. After successful FGP completion, the total crude oil production volume will be approximately 40 million tons per year.
Everyone knows that the Tengiz field is the driving force of our country's economy,” emphasized Vice Minister of Energy, Alibek Zhamauov. - We see how the Future Growth Project has positively impacted the development of the region and increased the share of local content in TCO's procurement. I would also like to highlight that TCO pays special attention to safe workplace practices. We hope to launch the new plant as soon as possible in first half of 2025. I wish success to the TCO team.” Mr. Zhamauov added.
The Vice-Minister discussed various topics with the company's management including the issues production, environmental performance and the introduction of state-of-the-art technologies aimed at minimizing the environmental impact.
“TCO currently cooperates with more than 2,000 local companies and continues to contribute to the development of local suppliers. Since 1993, TCO has purchased approximately $50 billion worth of goods and services from Kazakhstani suppliers,” noted Konilkosh Suesinov, Deputy General Director of TCO.
For more than three decades, TCO has contributed to the socio-economic development of Kazakhstan through direct financial payments to the country totaling more than $198 billion. An independent study covering a 12-year period showed that TCO stimulates up to 11% of Kazakhstan's gross domestic product. In addition, TCO and its contractors account for more than 30% of all revenues to the budget of Kazakhstan.
Vice Minister of Energy of the Republic of Kazakhstan, Alibek Zhamauov, Head of Gas Industry Department, Bakhytzhan Taubaev, and Head of Oil Industry Department, Berik Ermakhanov visited the Tengiz field. During the visit, the delegation got acquainted with the key production facilities of Tengizchevroil (TCO), including Complex Technological Line (KTL), Second Generation Plant (SGP), Third Generation Plant (3GP) and Integrated Operations Control Center (IOCC).
Also, during the visit, Alibek Zhamauov discussed with TCO management the current level of oil and gas production, while emphasizing the strategic importance of timely commissioning of the Future Growth Project (FGP) facilities. After successful FGP completion, the total crude oil production volume will be approximately 40 million tons per year.
Everyone knows that the Tengiz field is the driving force of our country's economy,” emphasized Vice Minister of Energy, Alibek Zhamauov. - We see how the Future Growth Project has positively impacted the development of the region and increased the share of local content in TCO's procurement. I would also like to highlight that TCO pays special attention to safe workplace practices. We hope to launch the new plant as soon as possible in first half of 2025. I wish success to the TCO team.” Mr. Zhamauov added.
The Vice-Minister discussed various topics with the company's management including the issues production, environmental performance and the introduction of state-of-the-art technologies aimed at minimizing the environmental impact.
“TCO currently cooperates with more than 2,000 local companies and continues to contribute to the development of local suppliers. Since 1993, TCO has purchased approximately $50 billion worth of goods and services from Kazakhstani suppliers,” noted Konilkosh Suesinov, Deputy General Director of TCO.
For more than three decades, TCO has contributed to the socio-economic development of Kazakhstan through direct financial payments to the country totaling more than $198 billion. An independent study covering a 12-year period showed that TCO stimulates up to 11% of Kazakhstan's gross domestic product. In addition, TCO and its contractors account for more than 30% of all revenues to the budget of Kazakhstan.
