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The birthday of JV "Tengizchevroil" - April 6, 1993. On this day, President of the Republic of Kazakhstan Nursultan Nazarbayev and Chairman of the Board of Directors of the Chevron Corporation Kenneth Durr signed an agreement in Almaty on the establishment of a joint venture. The development of the Tengiz oil and gas field, which was discovered in the Soviet Union in 1979, began in the 1980s. For several years, oil production reached a level of about 3 million tons per year. In 1988, a protocol was signed between the Federal Ministry of Oil and Gas Industry and Chevron on the intentions to create a joint venture "Sovshevroil." After the collapse of the USSR in 1991, mutually beneficial parameters of the future contract were agreed upon for the American oil and gas giant and young independent Kazakhstan.

For a quarter of a century, Tengizchevroil became the leader of the country's oil and gas industry. Today, the share of crude oil produced by the company at the Tengiz and Korolevskoye fields is 34% of the total oil produced in the country. In mid-2017, the company stepped over a historic milestone of 3 billion barrels of oil produced, despite the fact that the first billion barrels were produced only in 2006, 13 years after the arrival of investors.

A new milestone - extraction of the second billion - was taken in 2012, thanks to the implementation of two unique large-scale projects in Tengiz: a second-generation plant that reached full capacity in 2010, and the construction of a unit for injecting crude gas into the formation in 2007. After commissioning of these two facilities in 2010, production amounted to a record 25.9 million tons of crude oil.

On July 5, 2016 in Astana shareholders of the joint venture Tengizchevroil announced a decision on the Tengiz field expansion project, which involves $ 37 billion of investments. The project for the construction of a new plant to clean and bring crude oil to market conditions, as well as a system for injecting associated crude gas into oil reservoirs, has become the largest investment project in the world oil and gas industry in 2016.

FGP-WPMP are integrated projects and are designed to increase the annual oil production at the Tengiz field by approximately 12 million tons. At the same time, the total volume of oil production will increase to approximately 39 million tons of oil per year, and the coefficient of its recovery - up to 40%.

Since the beginning of the joint venture, environmental protection is a priority. In 2009, Tengizchevroil announced the completion of the Gas Utilization Project to eliminate routine gas flaring. The $ 258 million project, implemented over four years, has reduced daily combustion by 97%, while oil production has increased by 147% since 2000. Almost simultaneously, the project of a crude oil storage tank worth 176 million US dollars was completed. New crude oil tanks built on the Tengiz field allowed reducing hydrocarbon emissions from floating lids manufactured in accordance with the latest technologies.

In 2014, TCO launched a sewage treatment plant in the framework of a new integrated water management system in Tengiz. The new system design provides for cleaning up to 6000 cubic meters of domestic waste water per day for use in boilers at Tengiz plants. Purified wastewater from sewage treatment plants are sent to the state-of-the-art water reuse facility, which cleans up to 3,000 cubic meters of water per day to the quality of service water.

Two years later, TCO completed reclamation of 1,320 hectares of technologically disturbed land, reaching 94% of the total area of technologically disturbed lands planned for restoration work.

In 2017, TCO investments in projects aimed at reducing environmental impact exceeded 3 billion US dollars since 2000. During the same time, the company achieved a reduction in total combustion volumes by 80% and a reduction in total emissions per ton of produced oil by 70%. Currently, the company uses more than 98% of gas - this is a world-class indicator.

Investments in improving the reliability of equipment have reduced the number of technical failures, which, in turn, led to an almost complete elimination of gas flaring. So, for the period from 2000 to 2017 volumes of raw and acid gas, unscheduled and technologically inevitably burned by torches, decreased by 99%.

In 2017, TCO employees and contractors reached the world level of safety, having worked over 94.5 million man-hours in 4 incidents with loss of working days.

Tengizchevroil Company confidently enters the next 25th anniversary of its joint work with Kazakhstan, implements investments and implements projects that benefit both the country and people.



Date of publication: 20.07.2018 02:53

Recent changes page: 27.07.2018 17:41

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