Chevron Corporation today announced that its 50 percent owned affiliate, Tengizchevroil (TCO), will proceed with the development of its Future Growth and Wellhead Pressure Management Project in Kazakhstan.
Chevron's workforce sometimes encounters unexpected discoveries through the course of our operations – and we have processes in place for protecting these unusual finds.
Transporting crude oil from Kazakhstan's giant Tengiz Field is a massive undertaking. While the Caspian Pipeline Consortium (CPC) is the major transporter of Tengiz crude, Chevron’s affiliate Tengizchevroil (TCO) runs a vital alternative route to market: the TCO railroad -- one of the world's largest, if not the largest, private shortline railroads.
Chevron became the first Western oil company to partner with Kazakhstan when we signed the Tengizchevroil agreement on April 6, 1993.
Chevron Corporation today reports that its affiliate Tengizchevroil LLP expects to enter front-end engineering and design in 2012 for an expansion project to increase total daily production between 250,000 and 300,000 barrels.
Chevron’s partnership with Kazakhstan has created jobs, strengthened the local economy, and lead to a 26-fold improvement in oil production.
Chevron affiliate Tengizchevroil completes expansion at Tengiz Field; production capacity nearly doubles.