- Fluor Corporation (FLR) leads joint venture to complete Tengizchevroil’s Future Growth Project.
- Tengiz oil field set to reach a production capacity of approximately 40 million tons per annum.
- Fluor reported $16.3 billion in revenue for 2024, maintaining a strong presence in Kazakhstan since 1982.
Fluor Corporation (FLR) has announced the successful completion and startup of Tengizchevroil’s (TCO) Future Growth Project at the Tengiz oil field in Kazakhstan. The project, led by a Fluor joint venture which includes partners Worley, Kazakh Institute of Oil and Gas, and KazGiproNefteTrans Engineering Company, marks a significant milestone in crude oil production expansion.
The Future Growth Project encompasses the construction of a new Third-Generation Plant (3GP) at the Tengiz oil field, discovered in 1979 and recognized as one of the world’s largest and deepest fields. With this development, TCO's annual crude oil production capacity is expected to ramp up to approximately 40 million tons per annum once all facilities are fully operational.
Fluor has been providing engineering, procurement, construction, operations, and maintenance services for TCO since 2011, demonstrating a long-standing commitment to the region. Additionally, the project has contributed to programs aimed at developing local talent and capabilities in engineering, high-tech equipment servicing, project management, construction, and fabrication within Kazakhstan.
Tengizchevroil is a Kazakhstani partnership comprising Chevron (50%), KazMunayGas (20%), ExxonMobil (25%), and Lukoil (5%). Fluor Corporation, headquartered in Irving, Texas, reported a revenue of $16.3 billion in 2024 and continues to apply its expertise globally, focusing on delivering capital-efficient projects.
