We are proud to announce that our Gas Utilization Program has earned recognition from the World Bank in its recently published article which describes Kazakhstan’s remarkable achievement in the reduction of gas flaring.
This Kazakhstan result has been achieved by projects like the one undertaken by Tengizchevroil (TCO). In 2010 the company completed a four-year $258 million Gas Utilization Project which has eliminated routine gas flaring in the giant Tengiz oil field.
— The World Bank
Tengizchevroil has worked to steadily improve environmental performance over the past decade through introduction of new technologies, more efficient equipment and innovative projects, among which the Gas Utilization Project stood apart. With a total of $258 million invested, the four-year multi-phase Gas Utilization Project finalized in late 2009 was the last milestone to overcome on the way to eliminate routine gas flaring at the Tengiz crude processing plants.
The World Bank acknowledges our success in this area amidst the global trend in the reduction of gas flaring for five consecutive years between 2005 and 2010,
TCO, a joint venture that includes Chevron, ExxonMobil, Kazmunaigaz, and LukArco, has reduced flaring emissions by over 94 percent since 2000, while simultaneously increasing crude oil production by 147 percent.
Such a success would not be achieved without the support of the Republic of Kazakhstan and TCO partners – KazMunaiGas, Chevron and ExxonMobil, who are the members of The World Bank Global Gas Flaring Reduction Partnership launched at the World Summit on Sustainable Development in Johannesburg in 2002. All three partners follow global standards for legislative, technological and innovative measures to reduce or completely eliminate greenhouse gas emissions during oil production and Tengizchevroil’s Gas Utilization Program is an effective model to follow.
At Tengizchevroil is committed to environmental excellence and will continue to invest in effective technologies and implement best practices to further reduce our environmental footprint.