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Kazakh citizens hold two thirds of managerial positions in Tengizchevroil

Oil&Gas Materials 9 September 2011 15:40
Share of the Kazakh managers and middle managers hit 76 percent of total number of management team, LLP Tengizchevroil told Trend.

Kazakhstan, Astana, Sept.9 / Trend, A.Maratov /

Share of the Kazakh managers and middle managers hit 76 percent of total number of management team, LLP Tengizchevroil told Trend.

"Share of the Kazakh staffers in the Tengizchevroil hit 85 percent compared to 50 percent in 1993," Tengizchevroil said.

Tengiz field in western Kazakhstan was opened in 1979. It is one of the deepest and largest oil fields in the world

In April 1993, Tengizchevroil was created after the Kazakh government and Chevron signed the agreemeent. At present, its partners are: Chevron - 50 percent, KMG - 20 percent, ExxonMobil - 25 percent and LukArko - 5 percent.

Recoverable oil reserves in Tengiz field collector by April 2033 hits from 750 million to 1.1 billion tons (6-9 billion barrels). Total proven reserves of Tengiz field are 3 billion tons (26 billion barrels), and 190 million tons (1.5 billion barrels) at the Korolevski Field. The collector is 19 km (12 miles) in width and 21 km (13 miles) long.

TCO completed the expansion in the third quarter of 2008 which brought daily capacity to 75,000 metric tons (600,000 barrels) of crude oil per day and 22 million cubic meters (750 million standard cubic feet) of gas per day.

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