highlightsofoperations

highlights of operations

Through our subsidiaries, Chevron is involved in two of Kazakhstan’s largest joint ventures: Tengizchevroil (TCO) and Karachaganak Petroleum Operating B.V. (KPO).

Chevron is Kazakhstan’s largest private oil producer, holding important stakes in two of the nation’s biggest oil-producing fields – Tengiz and Karachaganak.

Chevron holds a 50% interest in Tengizchevroil and operates TCO. The joint venture is also developing the nearby Korolev Field.

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The Tengiz Field is one of the world’s deepest operating supergiant oil fields, with the top of the reservoir at approximately 12,000 feet (3,657 m) below ground.

In addition, Chevron holds an 18% interest in the Karachaganak Field.

Chevron is the largest private shareholder in the Caspian Pipeline Consortium (CPC). The Caspian Pipeline provides an important export route for crude oil from Tengiz and Karachaganak. A major expansion of the pipeline was recently completed.

Chevron also operates a polyethylene pipe plant in Atyrau. The plant is run entirely by Kazakhstanis.

In Kazakhstan, as in any country where Chevron does business, we are a strong supporter of programs that help the community.

chevron and Kazakhstan: the power of partnership

At Chevron, we believe energy enables human progress. We see this power at work globally by delivering the affordable, reliable, ever-cleaner energy that billions of people worldwide rely on every day. We also see it locally, where successful energy partnerships become a catalyst for boosting economies, creating jobs, supporting businesses, building communities, empowering people and advancing critical sustainable development goals.

chevron in Kazakhstan comprises four main segments

Reservoir

TCO: A joint venture to develop the Tengiz oil field. Tengiz ranks as the world’s deepest producing supergiant oil field and the largest single‑trap producing reservoir in existence.

50% equity interest

natural gas icon

Karachaganak: A stake in the development of a gas condensate field in West Kazakhstan.

18% equity interest

enhanced oil recovery

CPC: The Caspian Pipeline Consortium operates a 1,505 km (935-mile) pipeline to export Kazakhstan’s energy to world markets.

15% equity interest

pipeline icon

APPP: The Atyrau Polyethylene Pipe Plant produces pipes for consumer and industrial use.

100% equity interest

businessportfolio

business portfolio

exploration and production

The Tengiz Field, discovered in 1979, is one of the world’s deepest operating supergiant oil fields, with the top of the reservoir at approximately 12,000 feet (3,657 m) below ground.

Through our subsidiaries, Chevron is involved in two of Kazakhstan’s largest joint ventures: Tengizchevroil (TCO) and Karachaganak Petroleum Operating B.V. (KPO). Combined net daily production in 2020 from TCO and KPO averaged 337,000 barrels of liquids and 541 million cubic feet of natural gas.

In 2018, Chevron and TCO celebrated 25 years of successful partnership with the Republic of Kazakhstan.

tengizchevroil

25

year anniversary in 2018

tengiz oil production

3

billionth barrel in 2017

FGP – WPMP workforce

30,000+

Kazakhstanis

tengizchevroil looks ahead

Find more about the impressive development of the Tengiz Field.

TCO continues its development of the Tengiz and Korolev crude oil fields in the West Kazakhstan Region:

  • Crude production in 2020 was 26.4 million tonnes (211.1 million barrels) from the Tengiz and Korolev oil fields combined. All of TCO’s oil production was exported through the Caspian Pipeline.
  • The Pressure Boost Facility, which is part of the Future Growth Project – Wellhead Pressure Management Project (FGP – WPMP), is expected to start up in late 2022, with remaining FGP – WPMP facilities expected to come on line in mid-2023. Managed as a single integrated project, the FGP – WPMP is designed to increase the Tengiz Field’s production capacity and apply proven sour gas injection technology in order to increase reservoir recovery.

karachaganak, one of the world’s largest fields

Chevron holds an 18% interest in the Karachaganak Field, one of the country’s largest petroleum-producing reserves and one of the world’s largest oil and gas reserves. The field is being developed in phases.

In 2020, the CPC pipeline transported 10.8 million tonnes (85.8 million barrels) of oil from Karachaganak to the port of Novorossiysk on the Black Sea. Product was further transported via the Atyrau-Samara pipeline to the Transneft system for shipment to the port of Ust-Luga on the Baltic Sea.

The production in 2020 totaled 143.9 million barrels of oil-equivalent in the form of stable and unstable liquids, sour gas for export and sweet gas for use as fuel. In addition, 10,361.740 Mscm of gas were reinjected into the reservoir, a volume equivalent to approximately 51.3% of the total gas produced.

More than 5,000 Kazakhstani vendors are registered to supply the project, and since 1997 the local content level in all contracts assigned has exceeded $8.58 billion.

Approximately 4,000 people work in Karachaganak Petroleum Operating, with local employees occupying 97% of the venture’s skilled, clerical and professional roles.

Between 1998 and 2021, KPO spent $439 million on social infrastructure projects in West Kazakhstan.

moving product to market via the CPC pipeline

Chevron is the largest private shareholder in the Caspian Pipeline Consortium (CPC). The pipeline runs for 935 miles (1,505 km), exporting crude oil from the Tengiz Field to the Black Sea port of Novorossiysk. More than 87% of the oil transported comes from fields in Kazakhstan.

The Caspian Pipeline provides a key export route for crude oil produced from the Tengiz and Karachaganak fields. In 2020, an average of 1.3 million barrels of crude oil per day passed through the pipeline, which included 1.1 million barrels per day from Kazakhstan and .2 million barrels per day from Russia. More than 6,500 tankers have been loaded since 2001, when the pipeline began transporting oil.

The Caspian Pipeline capacity expansion project, completed in 2017, accommodated a portion of the expected growth in TCO production. In May 2019, CPC shareholders approved debottlenecking projects to further increase capacity.

Atyrau Polyethylene Pipe Plant

Chevron operates the Atyrau Polyethylene Pipe Plant (APPP), which produces pipes for water, gas, heating and industrial use. The APPP is run entirely by Kazakhstanis.

building on success and diversifying the economy

Chevron is helping Kazakhstan meet its goal to diversify the economy. Since 2003, the company has commissioned and operated a polyethylene pipe plant in Atyrau. Its six extrusion lines have a production capacity of 17,000 tons of polyethylene pipe per year. The plant also produces thermoplastic (polyethylene of raised temperature resistance or PE-RT) pipes used in hot water supply systems and abrasive chemical environments and is managed and operated by Kazakhstani employees. The plant brings new technology to Kazakhstan and supplies the country with products that were previously imported.

marketing and retail

Through our authorized distributor, Chevron markets lubricants, coolants and fuel treatments under the Texaco® brand for consumer, commercial and industrial use in Kazakhstan.

Find a Distributor

inthecommunity

in the community

In Kazakhstan, Chevron works in partnership with local and national governments, communities, nongovernmental organizations (NGOs) and other institutions on projects focused on health, education and economic development.

Minimizing the impact of a global health crisis demands partnership with the people and communities where we operate. Here are some of the ways Chevron has mobilized to help Kazakhstan recover from the COVID-19 pandemic.


download the full infographic


view Chevron Kazakhstan COVID-19 humanitarian aid video

Chevron is committed to promoting healthy lifestyles, with a special focus on young people and women.


Chevron was one of the first international companies in Kazakhstan who offered support to the local and national governments to help control the spread of COVID-19 by donating medicines and personal protective equipment, valued at $20 million.


Chevron, together with ICAP of Columbia University, donated 70,000 respirators to medical institutions in Almaty. For 71.8 million tenge, the company purchased and installed several ventilators.


By partnering with Ayala Fund, Chevron donated two Humming Vue mechanical ventilators (made in Japan) to the Almaty Children Infectious Diseases Hospital. This state-of-the-art technology increases the efficiency of respiratory therapy, is easy to sterilize and does not require subsequent calibration. Along with the equipment, Chevron ensured training for doctors and guaranteed technical maintenance of the equipment.


iTeachMe - empowering differently-abled people

Chevron supports educational development programs in Kazakhstan that reach thousands of youths, teachers and trainers from urban and rural schools.


The company partners with OYLA, a popular science magazine for children that focuses on STEM education. The magazine, published in 10 countries, shares important scientific discoveries and attracts its international readers with its easy presentation and striking design.


Chevron also partners with the U.S. Mission to Kazakhstan to develop the MakerSpace initiative in Almaty and Nur-Sultan. Equipped with 3D printers, software, robotics, electronics, science kits and other tools, makerspaces are where students and young professionals create, invent and learn together.


In 2020, the U.S. Mission to Kazakhstan and Chevron committed to provide more Kazakhstanis with greater learning opportunities by expanding access to science, technology, engineering, arts and mathematics (STEAM) activities to American Spaces in 10 cities across Kazakhstan and through the Chevron-sponsored Jaspace at the Atyrau Youth Palace.



STEM Girls – Makerspace

Chevron maintains strong ties with the Union of Artisans and has helped thousands of artisans across Kazakhstan with design and business skills training. Product quality has improved, access to new markets has expanded, and a professional network has been created.


learn about quraq korpe, traditional patchwork sewing


To help young people develop skills for employment and entrepreneurship, Chevron also partners with the British Council Kazakhstan. I-SEED, a project implemented in Atyrau as part of the Atyrau Youth Development Program, aims to support socially active youth in Kazakhstan and create conditions for sustainable solutions to social problems through the promotion of social entrepreneurship.


In addition, Chevron and Impact Hub Almaty established the Art2B Laboratory for creative entrepreneurs by developing a unique online course that helps to audit a business at any stage of its development.


learn about umay boost – empowering women in business

Chevron contributes to the development of communities through business partnerships in the Tengiz and Karachaganak projects.


tengizchevroil

Since 1993, TCO has invested over $2.2 billion to fund social projects and programs in Atyrau Oblast for the community and TCO employees. TCO has provided resources for social infrastructure projects, schools, hospitals and clinics and for the construction of water and electric systems.


In education, TCO has programs that focus on STEM subjects, promote English language development and support computer literacy. For example:


  • In 2020, TCO budgeted $25 million for the Egilik social infrastructure program, the majority of which was spent for construction of kindergartens, schools and other social facilities in Atyrau Oblast.
  • In 2021, TCO allocated $1.6 million as part of its Community Investment Program on projects to help improve the quality of health and education and develop social entrepreneurship both in Atyrau Oblast and Borankul Village (Mangystau Oblast).
  • Since the beginning of the pandemic, TCO has allocated approximately $10.8 million (4.7 billion tenge) to fight COVID-19, support the population and purchase medical equipment and supplies in Atyrau Oblast.

karachaganak

We also work with our Karachaganak partners to support the community. Since 1998, KPO has contributed more than $439 million to social infrastructure projects in western Kazakhstan.

kazakhstan community videos

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health, environment and safety

Protecting people and the environment is one of Chevron’s core values.

Chevron invests heavily in protecting the environment. Since 2000, TCO invested over $3.1 billion in environmental protection activities. The total air emissions generated per ton of oil produced have decreased by 71%. TCO has applied innovative technologies to redirect gas for its own use, for export to consumers and for reinjection into the reservoir.

economy

Chevron contributes to Kazakhstan’s economy through employee wages, purchases of goods and services from local suppliers, tariffs and fees paid to state-owned companies, and taxes and royalties paid to the government. Since TCO’s founding, the company has made direct payments of over $154 billion to the Republic of Kazakhstan. In 2020, direct payments to the government totaled $6.6 billion.

Since 1993, TCO has invested more than $37.3 billion in Kazakhstani goods and services. In 2020, Chevron and our Karachaganak partners awarded more than $586.7 million in contracts to Kazakhstani companies for goods and services. Since 1997, the local content in all partner contracts has exceeded $8.3 billion.

Kazakhstani managers and supervisors represent 79% of the TCO managerial workforce in Base Business and FGP – WPMP. Excluding the FGP – WPMP, Kazakhstani managers and supervisors make up 88% of the managerial workforce. Ongoing training and development programs support the advancement of employees to positions of increasing responsibility. We use the most up-to-date equipment, technology, methods and expertise in our oil and gas business in Kazakhstan. The company deploys all of its technologies with the goal of increasing reserves and production, accelerating development and reducing costs. Our Kazakhstani workers are trained in accordance with best world practices in oil field operations.

contact

contact

Chevron Eurasia Business Unit

CDC Center One, 7th floor
240G Nursultan Nazarbayev Avenue
Almaty, Kazakhstan, A26F8D4
Telephone: +7 727 298 0662

disclosure;forward-lookingstatements

CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This website contains forward-looking statements relating to Chevron’s operations that are based on management's current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “advances,” “commits,” “drives,” “aims,” “forecasts,” “projects,” “believes,” “approaches,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “can,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on track,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this website. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for our products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related government policies and actions; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic and political conditions; changing refining, marketing and chemicals margins; the company’s ability to realize anticipated cost savings, expenditure reductions and efficiencies associated with enterprise transformation initiatives; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; technological developments; the results of operations and financial condition of the company’s suppliers, vendors, partners and equity affiliates, particularly during extended periods of low prices for crude oil and natural gas during the COVID-19 pandemic; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company’s control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from pending or future litigation; the company's ability to achieve the anticipated benefits from the acquisition of Noble Energy, Inc.; the company’s future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the receipt of required Board authorizations to pay future dividends; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company’s ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 18 through 23 of the company's 2020 Annual Report on Form 10-K and in other subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed in this website could also have material adverse effects on forward-looking statements.