f.azh.kz
Kazakhstan Awards $2 Billion in Oil Service Contracts to Local Firms
Kazakhstan has concluded its largest oil and gas service tender in history, awarding contracts worth approximately $2 billion for technical maintenance of the Tengiz project. This landmark deal is expected to shape the region's oil service market for years to come.
Following the completion of the Future Expansion Project (FEP) at Tengiz, the focus for Tengizchevroil (TCO) will shift towards operational efficiency and high-quality technical services. The tender results indicate a strong preference for local participation.
Local Companies Take the Lead
Significantly, the major contracts, totaling billions of dollars, have been awarded predominantly to local Kazakh companies and joint ventures with a high share of Kazakh participation. This strategic decision underscores a commitment to bolstering domestic industry capabilities.
Key Contract Areas
The main contracts were divided among several key areas:
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Қазақстан тарихындағы ең ірі мұнай-сервистік тендер қорытындыланды. Теніз жобасын техникалық қызмет көрсетуге арналған 2 миллиард долларлық келісімшарттар жергілікті компанияларға берілді.
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Крупнейшее нефтегазовое месторождение Казахстана столкнулось с временными операционными трудностями. Акционер проекта прокомментировал ситуацию.
