KACD Competitors

Tengizchevroil is a leading company in Kazakhstan that produces oil, gas and associated products that fuels the modern economy. Our history is closely interlinked with the rise of an independent Kazakhstan. We safely and reliably produce products that heat homes, fuel cars, support businesses and benefit society.Our primary purpose is to create value for the Republic of Kazakhstan, our four shareholders, the communities where we live and operate and ourselves. We are proud to contribute to the country’s economic progress and future. For more information about TCO, please visit: http://www.tengizchevroil.com/about

North Caspian Operating Company (NCOC) is an operating company for the North Caspian Sea Production Sharing Agreement (NCSPSA). NCOC is based in Atyrau, Kazakhstan. The agreement includes seven companies consisting of KazMunayGas, Eni, ExxonMobil, Shell, TotalEnergies (16.81% each), China National Petroleum Corporation (8.4%) and Inpex (7.56%). The North Caspian Project is the first major offshore oil and gas development in Kazakhstan. It covers three fields: Kashagan, Kairan and Aktoty. The giant Kashagan field ranks as one of the largest oil discoveries of the past four decades, with approximately 9-13 billion barrels (1-2 billion tonnes) of recoverable oil. The Kashagan reservoir lies 80km offshore from the city of Atyrau in 3-4 meters of water, and is more than 4km deep (4,200 meters). In 2016, the first offshore oil in the history of Kazakhstan was commercially produced from Kashagan. The Operator of the project, North Caspian Operating Company N.V. (NCOC), completed a major pipeline replacement project ahead of schedule and on September 28 re-opened the first wells offshore. The President of Kazakhstan, Nursultan Nazarbayev, honoured the project workers and veterans with a personal visit to Atyrau on December 7, 2016. For more information about NCOC, visit: www.ncoc.kz

Karachaganak Petroleum Operating B.V. (KPO) is a joint venture between Shell plc (29.25%), Eni (29.25%), Chevron (18%), LUKOIL (13.5%) and KazMunaiGas (10%). KPO oversees the expansion and development of the Karachaganak field – one of the world’s largest oil and gas condensate fields. Located in northwest Kazakhstan it covers an area of over 280 square kilometres and holds estimated hydrocarbons initially in place (HIIP) of 9 billion barrels of condensate and 48 trillion cubic feet (tcf) of gas, with estimated gross reserves of over 2.4 billion barrels of condensate and 16 tcf of gas. Since signing the Final Production Sharing Agreement 1997, KPO’s Partners have invested around $21.4 billion into developing of the field and applying industry leading technology aimed at maximizing sustainable economic value. This is being implemented in accordance with the highest RoK and international safety and environmental protection standards. KPO fully supports initiative of the Republic of Kazakhstan regarding transition to “a green economy”. In Q2 2016, the gas utilisation rate at Karachaganak reached 99.81%, which is a world-class achievement. Overall, KPO’s investments into environmental activities have exceeded $315 million. KPO is one of the first companies in Kazakhstan to successfully introduce a Local Content Development Programme. More than 3,800 Kazakhstani suppliers are currently registered in KPO vendor database. Overall, the total value of goods, works and services supplied by Kazakhstani companies has exceeded $5.5 billion. As the largest employer in the WKO region, KPO is fulfilling its obligations towards provision of long-term local jobs with competitive salaries. While delivering on its operation commitments, KPO as a responsible corporate citizen works towards ensuring sustainable development whilst generating maximum social and economic benefits from the Karachaganak field for the Republic of Kazakhstan and local communities.