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) presents its key outcomes in the annual Corporate Responsibility Report 2024.
The company's priorities remained consistent: TCO continued to maintain a high focus on operating safely, reliably and in an environmentally responsible manner in accordance with our TCO Way values. The document covers both the company's key performance indicators for 2024 and describes the social support efforts provided as part of TCO voluntary programs, sponsorships and flood response measures.
2024 marked the 125th Anniversary of Kazakhstan’s oil and the 45th Anniversary of the discovery of the Tengiz field. Over the years, TCO has been a careful steward of the Tengiz field by investing in leading technologies, human capital and the communities where we operate, while fueling Kazakhstan’s economic progress.
From 1993 to 2024, TCO’s taxes and royalties-based contract allowed the company to make direct financial payments to Kazakhstan of over $201 billion, thereby helping to support Republic of Kazakhstan (RoK) state budgets and fueling the country’s economic progress. Moreover, for the third year in a row, TCO was recognized by the RoK Ministry of Finance as “The Best Taxpayer” in the subsoil user category.
Key facts in the report:
- Environmental protection
TCO continuously invests in environmental protection measures which has resulted in a 71% reduction in air emissions per ton of crude oil produced since 2000.
The water reuse rate is 48%, while the waste recycling rate has reached 54%.
In 2024, TCO completed a phased implementation of Automated Emissions Monitoring System (AEMS) in compliance with industry safety requirements and started real time data transmission from TCO facilities.
- Contribution to development of Kazakhstani Content (KC)
The development of Kazakhstani content remains a top priority area for TCO. In 2024 alone, the company spent over $2.9 billion on local goods, works and services and reached 69% Kazakhstani Content. The spend is very diverse and goes beyond Atyrau, stimulating economic activity in several regions across the country.
- Investing in the communities where we live and operate
In December 2024, TCO opened a new school for 600 children in Kulsary city, Zhylyoi region, as part of its voluntary social infrastructure Egilik program. This school is the 31st educational facility under Egilik, providing valuable educational resources to the community. Since inception, TCO has invested in over 120 projects to improve social facilities in Atyrau oblast, including schools, hospitals, recreational areas, and kindergartens. Through its Community Investments Program (CIP), TCO positively impacted 7,804 people across Atyrau oblast in 2024 alone.
Tengizchevroil LLP (TCO) presents its key outcomes in the annual Corporate Responsibility Report 2024.
The company's priorities remained consistent: TCO continued to maintain a high focus on operating safely, reliably and in an environmentally responsible manner in accordance with our TCO Way values. The document covers both the company's key performance indicators for 2024 and describes the social support efforts provided as part of TCO voluntary programs, sponsorships and flood response measures.
2024 marked the 125th Anniversary of Kazakhstan’s oil and the 45th Anniversary of the discovery of the Tengiz field. Over the years, TCO has been a careful steward of the Tengiz field by investing in leading technologies, human capital and the communities where we operate, while fueling Kazakhstan’s economic progress.
From 1993 to 2024, TCO’s taxes and royalties-based contract allowed the company to make direct financial payments to Kazakhstan of over $201 billion, thereby helping to support Republic of Kazakhstan (RoK) state budgets and fueling the country’s economic progress. Moreover, for the third year in a row, TCO was recognized by the RoK Ministry of Finance as “The Best Taxpayer” in the subsoil user category.
Key facts in the report:
- Environmental protection
TCO continuously invests in environmental protection measures which has resulted in a 71% reduction in air emissions per ton of crude oil produced since 2000.
The water reuse rate is 48%, while the waste recycling rate has reached 54%.
In 2024, TCO completed a phased implementation of Automated Emissions Monitoring System (AEMS) in compliance with industry safety requirements and started real time data transmission from TCO facilities.
- Contribution to development of Kazakhstani Content (KC)
The development of Kazakhstani content remains a top priority area for TCO. In 2024 alone, the company spent over $2.9 billion on local goods, works and services and reached 69% Kazakhstani Content. The spend is very diverse and goes beyond Atyrau, stimulating economic activity in several regions across the country.
- Investing in the communities where we live and operate
In December 2024, TCO opened a new school for 600 children in Kulsary city, Zhylyoi region, as part of its voluntary social infrastructure Egilik program. This school is the 31st educational facility under Egilik, providing valuable educational resources to the community. Since inception, TCO has invested in over 120 projects to improve social facilities in Atyrau oblast, including schools, hospitals, recreational areas, and kindergartens. Through its Community Investments Program (CIP), TCO positively impacted 7,804 people across Atyrau oblast in 2024 alone.
