Tengizchevroil is a leading company that produces oil, gas and associated products that fuels the modern economy. Our history is closely interlinked with the rise of an independent Kazakhstan.
TCO maintains a leading position in the field of industrial safety in terms of such standard indicators as lost working days incidents and the rate of reported incidents.
TCO continues to achieve industry-leading safety results in standard industrial safety measurements such as Serious Incidents and Total Recordable Incidents.
The Contractor Health, Environment and Safety Management Process establishes clear accountabilities, ensures active engagement of contractors, and provides a consistent CHESM program to eliminate health, safety and environment (HSE) incidents and injuries involving contractors.
The requirements and activities included in CHESM process are focused on defining TCO expectations regarding contractor HSE performance, the qualification of contractors and the monitoring of contractor performance against expectations.
Contractors involved in activities presenting risks to workforce and process safety are subject to CHESM Qualification to evaluate HSE Management Systems and ensure adequate safeguards are in place and functioning before starting work at TCO Facilities.
TCO's work is guided by two key principles: do it safely or not at all and there is always time to do it right. Every employee of TCO and its Business Partner companies is responsible for making sure that work can be safely started. Each person has the right to temporarily suspend or completely stop any work if unsafe behavior or conditions are observed. The TCO Safe Work Practices Management Group, together with other teams, ensure that Occupational Safety and Health (OSH) guidelines and procedures are continuously implemented and maintained.
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.
In 2023, TCO made direct financial payments to Kazakhstan of $13.9 billion and for the second consecutive year, the company was recognized by the Ministry of Finance of the Republic of Kazakhstan (RoK) as the leading taxpayer in the country. During the same period, TCO reached 70% of Kazakhstani Content (KC) spend performance and Kazakhstani citizens held close to 95% of positions in TCO’s base business compared to 50% in 1993.
In September 2023, TCO achieved a significant milestone for the Future Growth Project - Wellhead Pressure Management Project (FGP-WPMP) with mechanical completion of the Third Generation Plant (3GP), concluding the construction phase. The project is currently executing testing and commissioning phase. Since the beginning of the FGP-WPMP implementation, TCO has spent over $18 billion to purchase Kazakhstani goods and services.
“In the last decade, TCO’s production activities annually stimulated approximately 11% of Kazakhstan’s gross domestic product (GDP), according to an independent study. TCO continues to play a leading role in supporting the country’s economic progress and energy security,” TCO General Director Kevin Lyon said.
Since 1993, TCO has made direct financial payments to Kazakhstan of more than $190 billion, including taxes and royalties paid to the government, tariffs and fees paid to state-owned companies, profit distributions to the Kazakhstani shareholder, purchases of Kazakhstani goods and services and local employees’ salaries.
TCO Deputy General Director, Konilkosh Suyessinov said: “Last year, we successfully completed one of the most complex turnarounds to date, ahead of schedule. For the first time in our company’s history, local Kazakhstani suppliers successfully fabricated and replaced an approximately 100-ton, 37-meter-tall vessel, as well as replaced three sweet gas mole sieve dryers. This is a great testament to the potential capabilities of our Kazakhstani companies.”
In 2023, as part of its voluntary social infrastructure program called EGILIK, TCO constructed and delivered two schools in Atyrau oblast, with a total seating capacity of over 600 seats, as well as a fully equipped 75-bed hospital. In addition, TCO has made a positive impact on over 11,000 direct beneficiaries in Atyrau oblast, through its voluntary Community Investments Program (CIP), focused on health, economic development, education, and support of Kazakh language and culture.
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.
In 2023, TCO made direct financial payments to Kazakhstan of $13.9 billion and for the second consecutive year, the company was recognized by the Ministry of Finance of the Republic of Kazakhstan (RoK) as the leading taxpayer in the country. During the same period, TCO reached 70% of Kazakhstani Content (KC) spend performance and Kazakhstani citizens held close to 95% of positions in TCO’s base business compared to 50% in 1993.
In September 2023, TCO achieved a significant milestone for the Future Growth Project - Wellhead Pressure Management Project (FGP-WPMP) with mechanical completion of the Third Generation Plant (3GP), concluding the construction phase. The project is currently executing testing and commissioning phase. Since the beginning of the FGP-WPMP implementation, TCO has spent over $18 billion to purchase Kazakhstani goods and services.
“In the last decade, TCO’s production activities annually stimulated approximately 11% of Kazakhstan’s gross domestic product (GDP), according to an independent study. TCO continues to play a leading role in supporting the country’s economic progress and energy security,” TCO General Director Kevin Lyon said.
Since 1993, TCO has made direct financial payments to Kazakhstan of more than $190 billion, including taxes and royalties paid to the government, tariffs and fees paid to state-owned companies, profit distributions to the Kazakhstani shareholder, purchases of Kazakhstani goods and services and local employees’ salaries.
TCO Deputy General Director, Konilkosh Suyessinov said: “Last year, we successfully completed one of the most complex turnarounds to date, ahead of schedule. For the first time in our company’s history, local Kazakhstani suppliers successfully fabricated and replaced an approximately 100-ton, 37-meter-tall vessel, as well as replaced three sweet gas mole sieve dryers. This is a great testament to the potential capabilities of our Kazakhstani companies.”
In 2023, as part of its voluntary social infrastructure program called EGILIK, TCO constructed and delivered two schools in Atyrau oblast, with a total seating capacity of over 600 seats, as well as a fully equipped 75-bed hospital. In addition, TCO has made a positive impact on over 11,000 direct beneficiaries in Atyrau oblast, through its voluntary Community Investments Program (CIP), focused on health, economic development, education, and support of Kazakh language and culture.
