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Tengizchevroil

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Tengizchevroil is a joint venture between Chevron (50% share in the consortium), ExxonMobil (25% share), KazMunayGas (20% share) and Lukoil (5% share). The joint venture was formed in April 1993, when the government of Kazakhstan granted exclusive 40-year rights to Tengizchevroil LLP (TCO) to develop the Tengiz and Korolevskoye oil fields located in the north-eastern reaches of the Caspian Sea in Kazakhstan.

Wikidata facts

Instance of
enterprise
Headquarters
Atyrau
Show 1 more fact
inception
1993-04-06
Sources (1)

via Wikidata · CC0

~2 min read

Encyclopedic overview

3 sections
Contents
  • History and operations
  • References
  • External links

Tengizchevroil is a joint venture between Chevron (50% share in the consortium), ExxonMobil (25% share), KazMunayGas (20% share) and Lukoil (5% share). The joint venture was formed in April 1993, when the government of Kazakhstan granted exclusive 40-year rights to Tengizchevroil LLP (TCO) to develop the Tengiz and Korolevskoye oil fields located in the north-eastern reaches of the Caspian Sea in Kazakhstan.

== History and operations ==

Excerpted from Wikipedia’s “Tengizchevroil” article, available under the CC BY-SA 4.0 licence.

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