Tengizchevroil LLP (TCO) is a Kazakhstan-based oil and gas joint venture that develops the Tengiz and Korolev fields in the Atyrau Region. Chevron operates the venture, with partners KazMunayGas, ExxonMobil, and LukArco (a LUKOIL affiliate). The company produces crude oil and processes associated gas, supplying sales gas, LPG, and recovered sulfur.
TCO operates large-scale sour-crude facilities and advanced gas injection and reservoir management systems to enhance recovery and maintain pressure in its deep, high-pressure carbonate reservoirs. Its integrated processing plants include sulfur recovery and gas treatment, supporting exports primarily via regional pipeline infrastructure. The company’s operations are a major source of hydrocarbons in Kazakhstan and an important upstream link for regional energy and petrochemical value chains.
Also known as Tengizchevroil and Total Catcher Offshore.
None yet. When a new project in the record names TCO as owner, partner or investor, it shows here.
TCO integrates engineering, production and operational data into a single digital environment to improve transparency, decision-making and predictive maintenance.
Revenue +23.7% to 5,568 bln tenge; EBITDA +45% to 1,655 bln; net profit +69.1% to 904 bln; net debt rose to 983 bln tenge as cash/deposits declined.
Exercises 1–2 year options on drilling and well-service contracts; secures specialist frameworks to sustain production, preserve ~2,500 jobs and raise pace, efficiency and standardisation.
Digital initiatives boost safety, reliability and efficiency via Virtual Plant, SWIFT scheduling, HoloLens, private LTE/IoT, e-permits and an ideas app; shared with partners.
GECA Forum in Astana brought gov, industry and experts together to discuss Central Asia hydrocarbon development: exploration, tech, energy security, sustainability, safety and regional benefits.
Revenue +12.5% to 9,371 bln KZT; EBITDA +19.6% to 2,393 bln; net profit down to 1,072 bln; net debt cut to 375 bln; production +10%; FCF +2.8%
Hydrocarbon reserves stable; oil and gas production up. Oil transport steady; refining and polypropylene output increased.
In 2025, $10.6B was paid to Kazakhstan. Crude oil output rose by 12M tons. Air emissions cut by 78% since 2000. 71% local content achieved. Social programs benefited 10,000 in Atyrau.
