ASTANA, Kazakhstan, February 23. Crude oil production by Tengizchevroil LLP (TCO, a joint venture between Kazakhstan and Chevron) amounted to 28.9 million tons (230.6 million barrels) in 2023, Trend reports.
As the TCO noted, the overall intensity of air emissions decreased to the lowest level since 2000.
At the same time, the company pointed out that over the past year, all TCO dry gas sales have been made in Kazakhstan's domestic market, and the company has remained a reliable supplier of liquefied petroleum gas to local residents and industry.
"According to the results of an independent study, over the past decade, TCO's production activities annually provided approximately 11 percent of the country's GDP. TCO continues to play a leading role in promoting economic progress and energy security in Kazakhstan," said CEO Kevin Lyon of TCO.
Meanwhile, the Tengiz field is managed by Tengizchevroil, a joint venture between Kazakhstan and Chevron. 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 Kazakhstan and Chevron.
Estimated oil in place in the Tengiz field is 3.1 billion metric tons (25 billion barrels) and 200 million metric tons (1.6 billion barrels) in the Korolev field, where Tengizchevroil also produces. Total recoverable crude oil in the Tengiz and Korolev fields is estimated to be 1.4 billion metric tons (11.5 billion barrels).
