Fluor-Led JV Supports Successful Completion and Startup of Major Project at Tengiz Oil Field in Kazakhstan
Fluor (NYSE: 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 including Worley, Kazakh Institute of Oil and Gas, and KazGiproNefteTrans Engineering Company, has provided engineering, procurement, construction, and maintenance services since 2011.
The project milestone includes the construction of a new Third-Generation Plant (3GP) at the Tengiz field, which was discovered in 1979. Once all facilities are operating at full capacity, TCO's total annual crude oil production is expected to reach 40 million tons per annum. The project has also contributed to Kazakhstan's economic development through educational programs and building local capabilities.
Tengizchevroil LLP is owned by Chevron (50%), KazMunayGas (20%), ExxonMobil (25%), and Lukoil (5%). Fluor, with revenue of $16.3 billion in 2024, continues its century-long legacy in engineering, procurement, and construction services.
Fluor (NYSE: FLR) ha annunciato il completamento e l'avvio con successo del Future Growth Project di Tengizchevroil (TCO) nel campo petrolifero di Tengiz in Kazakistan. Il progetto, guidato da una joint venture di Fluor che include Worley, l'Istituto Kazako di Petrolio e Gas e la KazGiproNefteTrans Engineering Company, fornisce servizi di ingegneria, approvvigionamento, costruzione e manutenzione dal 2011.
Il traguardo del progetto include la costruzione di un nuovo impianto di terza generazione (3GP) nel campo di Tengiz, scoperto nel 1979. Una volta che tutte le strutture saranno in funzione a pieno regime, la produzione annuale totale di petrolio greggio di TCO dovrebbe raggiungere 40 milioni di tonnellate all'anno. Il progetto ha anche contribuito allo sviluppo economico del Kazakistan attraverso programmi educativi e la costruzione di capacità locali.
Tengizchevroil LLP è di proprietà di Chevron (50%), KazMunayGas (20%), ExxonMobil (25%) e Lukoil (5%). Fluor, con un fatturato di 16,3 miliardi di dollari nel 2024, continua la sua lunga eredità di un secolo nei servizi di ingegneria, approvvigionamento e costruzione.
Fluor (NYSE: FLR) ha anunciado la finalización exitosa y el inicio del Proyecto de Crecimiento Futuro de Tengizchevroil (TCO) en el campo petrolero de Tengiz en Kazajistán. El proyecto, liderado por una empresa conjunta de Fluor que incluye a Worley, el Instituto Kazajo de Petróleo y Gas y la empresa de ingeniería KazGiproNefteTrans, ha proporcionado servicios de ingeniería, adquisición, construcción y mantenimiento desde 2011.
Un hito del proyecto incluye la construcción de una nueva Planta de Tercera Generación (3GP) en el campo de Tengiz, descubierto en 1979. Una vez que todas las instalaciones operen a plena capacidad, se espera que la producción anual total de petróleo crudo de TCO alcance 40 millones de toneladas por año. El proyecto también ha contribuido al desarrollo económico de Kazajistán a través de programas educativos y la construcción de capacidades locales.
Tengizchevroil LLP es propiedad de Chevron (50%), KazMunayGas (20%), ExxonMobil (25%) y Lukoil (5%). Fluor, con ingresos de 16,3 mil millones de dólares en 2024, continúa su legado de un siglo en servicios de ingeniería, adquisición y construcción.
플루어 (NYSE: FLR)는 카자흐스탄의 텐기즈 유전에서 텡기즈체브로일(TCO)의 미래 성장 프로젝트의 성공적인 완료 및 시작을 발표했습니다. 이 프로젝트는 플루어와 워클리, 카자흐스탄 석유 및 가스 연구소, 카즈기프로네프트트랜스 엔지니어링 회사가 포함된 합작 투자에 의해 주도되며, 2011년부터 엔지니어링, 조달, 건설 및 유지보수 서비스를 제공해왔습니다.
프로젝트의 이정표에는 1979년에 발견된 텐기즈 유전 내에 새로운 제3세대 플랜트(3GP)를 건설하는 것이 포함됩니다. 모든 시설이 최대 용량으로 운영되면, TCO의 연간 총 원유 생산량은 연간 4천만 톤에 이를 것으로 예상됩니다. 이 프로젝트는 교육 프로그램과 지역 역량 구축을 통해 카자흐스탄의 경제 발전에도 기여했습니다.
텐기즈체브로일 LLP는 쉐브론(50%), 카즈무나이가스(20%), 엑손모빌(25%), 루코일(5%)가 소유하고 있습니다. 2024년 163억 달러의 수익을 올리는 플루어는 엔지니어링, 조달 및 건설 서비스 분야에서 100년 이상의 유산을 이어가고 있습니다.
Fluor (NYSE: FLR) a annoncé l'achèvement réussi et le démarrage du Future Growth Project de Tengizchevroil (TCO) dans le champ pétrolier de Tengiz au Kazakhstan. Le projet, dirigé par une coentreprise de Fluor comprenant Worley, l'Institut kazakh de pétrole et de gaz et la société d'ingénierie KazGiproNefteTrans, fournit des services d'ingénierie, d'approvisionnement, de construction et de maintenance depuis 2011.
Un jalon du projet comprend la construction d'une nouvelle usine de troisième génération (3GP) sur le champ de Tengiz, découvert en 1979. Une fois que toutes les installations seront en fonctionnement à pleine capacité, la production annuelle totale de pétrole brut de TCO devrait atteindre 40 millions de tonnes par an. Le projet a également contribué au développement économique du Kazakhstan grâce à des programmes éducatifs et à la construction de capacités locales.
Tengizchevroil LLP est détenue par Chevron (50%), KazMunayGas (20%), ExxonMobil (25%) et Lukoil (5%). Fluor, avec un chiffre d'affaires de 16,3 milliards de dollars en 2024, continue son héritage de cent ans dans les services d'ingénierie, d'approvisionnement et de construction.
Fluor (NYSE: FLR) hat den erfolgreichen Abschluss und Start des Future Growth Project von Tengizchevroil (TCO) im Tengiz-Ölfeld in Kasachstan bekannt gegeben. Das Projekt, das von einem Joint Venture von Fluor, einschließlich Worley, dem kasachischen Institut für Öl und Gas und der KazGiproNefteTrans Engineering Company, geleitet wird, bietet seit 2011 Ingenieur-, Beschaffungs-, Bau- und Wartungsdienstleistungen an.
Ein Meilenstein des Projekts ist der Bau einer neuen Anlage der dritten Generation (3GP) im Tengizfeld, das 1979 entdeckt wurde. Sobald alle Einrichtungen mit voller Kapazität betrieben werden, wird die jährliche Rohölproduktion von TCO voraussichtlich 40 Millionen Tonnen pro Jahr erreichen. Das Projekt hat auch zur wirtschaftlichen Entwicklung Kasachstans durch Bildungsprogramme und den Aufbau lokaler Fähigkeiten beigetragen.
Tengizchevroil LLP gehört Chevron (50%), KazMunayGas (20%), ExxonMobil (25%) und Lukoil (5%). Fluor, mit einem Umsatz von 16,3 Milliarden Dollar im Jahr 2024, setzt sein einhundertjähriges Erbe in den Bereichen Ingenieurwesen, Beschaffung und Bau fort.
- Successful completion and startup of major oil field project
- Expected production increase to 40 million tons per annum at full capacity
- 14-year successful project execution in Kazakhstan
- Strong revenue of $16.3 billion in 2024
- None.
Insights
Fluor's announcement of the successful completion and startup of the Future Growth Project at Kazakhstan's Tengiz oil field represents a significant milestone for the company's Energy Solutions business. This project—spanning a 14-year relationship with Tengizchevroil—demonstrates Fluor's capability to execute complex, large-scale international energy infrastructure projects.
The Tengiz field ranks among the world's largest oil discoveries, and the new Third-Generation Plant (3GP) marks the transition from construction to production phase. For Fluor investors, this signals the successful delivery of what has likely been a substantial revenue contributor to the company's
While project completion typically means a reduction in associated revenue streams from construction activities, Fluor's mention of "operations and maintenance services" suggests potential for ongoing revenue from the production phase. The company's four-decade presence in Kazakhstan since 1982 and its contributions to local workforce development position it favorably for future opportunities in the region.
This achievement strengthens Fluor's credentials in managing complex energy infrastructure projects globally, potentially enhancing its competitive position for similar projects worldwide. The successful execution in a logistically challenging environment reinforces Fluor's market position as a leading EPC contractor capable of delivering on massive, technically complex energy projects.
Tengizchevroil Ramps-Up Production Following Announcement of First Oil
An aerial view of the Third-Generation Plant, part of TCO’s Future Growth Project in
“Achieving first oil is a significant accomplishment and we congratulate the TCO team,” said Mike Alexander, President of Fluor’s Energy Solutions business. “Fluor has supported TCO for the past 14 years and has been active in the
As part of the FGP, a new Third-Generation Plan (3GP) was built at the Tengiz oil field, which was discovered in 1979 and ranks as one of the world’s largest and deepest fields. This project milestone marks the beginning of a ramp-up of crude oil production over the coming months. Once all Tengiz facilities are operating at full capacity, TCO’s total annual crude oil production is expected to reach approximately 40 million tons per annum.
As part of its work on the project, significant contributions and commitments to building a sustainable economic future for residents have been made. These include the development of programs for schools and universities to train craft labor and professional engineers, as well as new capabilities for the
Tengizchevroil LLP is a Kazakhstani partnership owned by Chevron (
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s nearly 27,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of
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Brett Turner
Media Relations
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Jason Landkamer
Investor Relations
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Source: Fluor Corporation
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