success through partnership and innovation · 08/10/2013 · success through partnership and...
TRANSCRIPT
Success Through Partnership and Innovation
VIII KAZENERGY Eurasian Forum
Tim Miller
Tengizchevroil, General Director
Astana,
8 October 2013
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Success Through Partnership and Innovation
Kazakhstan’s Leading Producer
Current Partners | %
30% of Kazakhstan’s
total oil output
Chevron 50
ExxonMobil Kazakhstan Ventures Inc. 25
KazMunaiGas 20
LukArco 5
TCO established as a Kazakhstan
Joint Venture between Republic of
Kazakhstan and Chevron on a
parity basis (40 year concession)
3 400+ employees
14 000+ contractors
On 6 April, 1993, President N. Nazarbayev signed Presidential
Decree No 1168 establishing Tengizchevroil JV
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Our Partnerships Create Results
0
4
8
12
16
20
24
28
1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 June
KTL SGP
Crude Production | Million tonnes per year World-class equipment reliability and
production efficiency at KTL and SGP
Successful completion of KTL and SGP
Turnaround
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Annual Payments to the Republic of Kazakhstan
0
3,000
6,000
9,000
12,000
15,000
1993 1998 2003 2008 2013
Annual payments; million USD; as of August, 2013
Since 1993 TCO contributed over
$81 billion US Dollars to the
Kazakhstani economy
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Success Through Partnership and Innovation
Supporting Local Business
Kazakhstani Goods &
Services Purchased | Billion US Dollars
2010 1.3
2011 1.6
2012 1.8
2013 | AUGUST 1.4
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Social Investment
Total (since 1993) 830 000 000
2013 Egilik Budget 25 000 000 2013 Community
Investment
Program 1 300 000
Social Investment | US Dollars
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Success Through Partnership and Innovation
TCO Creation Spurred Foreign Direct Investment
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Success Through Partnership and Innovation
Global Population Growth Will Fuel Energy Demand
Global population to increase by 1.7 billion by
2035 – mainly in Asia and Africa. Source: IEA, World Energy Outlook
2012, New Policies Scenario
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Success Through Partnership and Innovation
Future Energy Supply Mostly From Conventional Sources
By 2035, global energy demand
to increase by 35%
80% of supply to come
from conventional sources of
energy
Source: IEA, World Energy Outlook 2012,
New Policies Scenario
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Technology Innovation
The innovative development and use of
technology will be the first way in which we
create future opportunity.
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Success Through Partnership and Innovation
Process Innovation
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Success Through Partnership and Innovation
Environmental Innovation
Almost 6000 cubic
meters of waste water
to be recycled and
reused
Emissions Improvement
Emissions reduction | per tonne of oil 70%
Reduction in gas flaring 92%
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Success Through Partnership and Innovation
Kazakhstan’s Future
Kazakhstan among Top 15 World
Leaders in Proven Oil Reserves
Saudi Arabia
Venezuela
Canada
Iran
Iraq
Kuwait
UAE
Russia
. Libya
Nigeria
Kazakhstan
United States
Qatar
China
Brazil
Source: International Energy Agency
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