Tengizchevroil

Tengizchevroil LLP
Founded	April 1993
Owners	Chevron (50%); ExxonMobil (25%); KazMunayGas (20%); LukArco (5%);

Tengizchevroil is a joint venture between Chevron (50% share in the consortium), ExxonMobil (25% share), KazMunayGas (20% share) and LukArco (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.

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