Tengizchevroil LLP (TCO) is a Kazakhstani partnership that explores, develops, produces and markets crude oil, LPG, dry gas and sulfur. TCO conducts its operations in accordance with world-class safety and environmental standards. In April 1993, Tengizchevroil was formed between the Republic of Kazakhstan and Chevron Corporation. Current partners are: Chevron Overseas Company, 50 percent; KazMunayGas NC JSC, 20 percent; ExxonMobil Kazakhstan Ventures Inc., 25 percent and LUKARCO B.V., 5 percent. The Future Growth Project (FGP) and Wellhead Pressure Management Project (WPMP) are two integrated projects that are being executed simultaneously by Tengizchevroil LLP. FGP will increase Tengiz crude oil production capacity by about 12 million tonnes per year/260,000 barrels per day to about 39 million tonnes per year/850,000 barrels per day. While FGP will expand production, WPMP will keep the existing Tengiz plants at full capacity by lowering the flowing pressure at the wellhead and then boosting the pressure to the inlet requirements of the six existing processing trains. Crude production for 2016 was 27.56 million metric tonnes (220 million barrels). From 1993 to 2016, TCO made direct financial payments of over $116 billion to Kazakhstani entities, including Kazakhstani employees’ salaries, purchases of Kazakhstani goods and services, tariffs and fees paid to state-owned companies, profit distributions to Kazakhstani shareholder and taxes and royalties paid to the government. Since 1993, TCO has invested over $1.3 billion to fund social projects and programs in the Atyrau Oblast for the community and employees. In 2017, TCO’s Community Investment Program has more than $1 million in projects planned to help improve the quality of health, education and support to local business in Atyrau Oblast. TCO budgeted $25 million in the Egilik (benefit in Kazakh) program in 2017.

Oil & Gas Producers; Oil & Gas Exploration & Production;