Tengizchevroil reaches full capacity, targets 40 mln tonnes in 2026
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Tengizchevroil (TCO) completed the largest expansion phase of the Tengiz field and reached design capacity, with daily output of about 120,000 tonnes, the Energy Ministry reported. The company aims to produce up to 40 million tonnes of crude in 2026, after extracting 16.6 million tonnes in the first half of the year.
Expansion Completion
TCO completed the Future Growth Project and Wellhead Pressure Management Project, which added new production facilities in 2024–2025. The third-generation plant produced first oil in January 2025, and all new units are now operating at planned levels, according to the Energy Ministry.
Production Targets
Daily output reached about 120,000 tonnes, and first-half 2026 production stood at 16.6 million tonnes. To meet the annual target of up to 40 million tonnes, TCO will need to increase output in the second half. Energy Minister Yerlan Akkenzhenov stressed the need for a clear plan to ensure stable operations.
Minister's Visit
Akkenzhenov visited Atyrau region to discuss production indicators and equipment reliability with TCO management. He emphasized maintaining stable operations and expanding Kazakh content and local supplier participation. The ministry said it will keep TCO's performance under constant monitoring.
What's Next
TCO is expected to submit a detailed plan to the Energy Ministry by year-end outlining measures to achieve the 40-million-tonne target. It remains unclear whether the company can sustain the required production pace in the second half of 2026.
5 sources
Tengizchevroil reaches full capacity, targets 40 mln tonnes in 2026
