Tengizchevroil Fact Sheet. Q 2022

Press releases

History and Ownership

Tengiz, the world’s deepest producing super giant oil field, was discovered in 1979.
The Tengizchevroil (TCO) partnership was formed on April 6, 1993, between the Republic of Kazakhstan and Chevron.
Current partners are Chevron, 50 percent; KazMunayGas, 20 percent; ExxonMobil Kazakhstan Ventures Inc., 25 percent; LukArco B.V., 5 percent

Production and Reserves

Estimated oil in place in the Tengiz field is 3.1 billion metric tonnes (25 billion barrels) with 200 million metric tonnes (1.6 billion barrels) in the Korolev field.
Total recoverable crude oil in the Tengiz and Korolev fields is estimated to be 1.4 billion metric tonnes (11.5 billion barrels).
The areal extent of the Tengiz reservoir is large, measuring 20 kilometers (12 miles) by 21 kilometers (13 miles).
TCO completed its Sour Gas Injection and Second-Generation Plant (SGI/SGP) expansion project in 2008. Over the last few years average daily production capacity exceeded 80 thousand metric tonnes per day (640,000 barrels) of crude oil and 25 million cubic meters per day (870 mmscf) of natural gas.
Crude production of 1H 2022 was 14.3 million metric tonnes (114.4 million barrels).

Health, Safety and the Environment

TCO has invested over $3.15 billion since 2000 in environmental protection activities.
Since 2000, total air emissions generated per ton of oil produced, have decreased by 65 percent.
TCO’s gas utilization rate in 1H 2022 was 99 percent.
TCO’s total water reuse rate in 1H 2022 was 49.9 percent. TCO continues water conservation efforts by treating domestic sewage and reusing it for production needs.
TCO sends more than 35 types of waste for recycling. For 2Q 2022, total TCO’s waste reuse/recycling rate was 57 percent.

Product Sales

In 1H 2022, TCO sold over 568,000 metric tonnes of LPG, 0.8 billion cubic meters of sales gas and over 1.3 billion tonnes of sulfur.

Benefits to Kazakhstan

From 1993 through 2Q 2022, TCO made direct financial payments of over $169 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 the Kazakhstani shareholder and taxes and royalties paid to the government.
In 1H 2022, direct payments to the Republic of Kazakhstan totaled $7.5 billion.

Atyrau Oblast and Borankul Village (Mangystau Oblast).

Since the beginning of the pandemic, TCO has allocated approximately $18 million (7.7 billion tenge) to support the population in the ongoing fight against COVID-19, including purchasing medical equipment and supplies for Atyrau Oblast.

Future Growth Project - Wellhead Pressure Management Project

General Information

In 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.
FGP will expand production by approximately 12 million tonnes per year/260 thousand barrels per day to about 39 million tonnes per year/850 thousand barrels per day.
WPMP will keep the existing Tengiz plants full by lowering the flowing pressure at the wellhead and then boosting the pressure to the inlet requirements of the six existing processing trains.

Kazakhstani Content

Since the commencement of FGP-WPMP, TCO has spent over $14.2 billion to purchase Kazakhstani goods and services.

Project Progress

With the project now 93% complete, the remaining work scope is focused on Tengiz.
Recent key project milestones include:
- Integrated Operations Control Center (IOCC) is operational
- Cluster 55 First Oil was achieved on June 13th.
- Electrical Substation energized for Pressure Boost Facility
FGP-WPMP is a project of national importance and is helping to create a legacy of a trained and skilled local workforce, technology transfer through partnerships with international companies, and upgraded infrastructure in the region.