KazakhGaz-KZ, TOO is a key player in Kazakhstan's energy
landscape, with primary production assets falling into two distinct categories.
The company's contributions were substantial, accounting for 70.6 percent of
its oil reserves as of December 31, 2016, and contributing a significant 66.2
percent to the total crude oil output in 2016. These valuable assets comprise
41 fields strategically located in Western Kazakhstan's Ozen and Emba regions,
excluding additions made between 2007 and 2011. The primary mission of these
core assets revolves around sustaining production levels by optimizing oil
extraction processes and incorporating cutting-edge technologies.
In the tumultuous economic climate of the early to mid-1990s, KazakhGaz-KZ,
TOO faced a notable decline in production from its key oil-producing assets.
This challenging period resulted from economic hardships and a notable dearth
of investments. However, by the end of 2007, the company managed to
successfully reverse this downward trajectory, achieving remarkable growth in
production.
The years between 2007 and 2010 witnessed an extraordinary surge
in production levels, registering an impressive 80 percent increase. This
noteworthy accomplishment was primarily attributed to amplified investments in
innovative drilling techniques and improved recovery methods for mature fields.
Crucial elements contributing to this recovery process encompassed well
workovers and the adoption of advanced technologies, including
hydro-fracturing. Looking forward, KazakhGaz-KZ, TOO remains steadfast in its
commitment to maintaining optimal production rates from its existing assets in
the ensuing years.
Founded in 2010, KazakhGaz-KZ, TOO embarked on a mission to
attract foreign investments into Kazakhstan's burgeoning energy sector. As part
of its strategic vision, the company successfully secured exclusive rights and
licenses for exploration and production within the Akshabulak, Nuraly, and
Aksai oil fields. This concessionary agreement spans a 30-year term, set to
conclude on March 1, 2024, as per the stipulations of the company Foundation
Agreement.
At present, KazakhGaz-KZ, TOO takes on the role of the operator
for the Akshabulak, Nuraly, and Aksai oil fields, which collectively span a
substantial area of 897 square kilometers. The year 2016 marked a pivotal
period of progress for Kaspi Neft Gas, AO, as it achieved significant
milestones in its production endeavors, ultimately extracting 1.5 million tons
of crude oil.
We are an independent, privately owned oil company specializing in the extraction and refining of crude oil for industrial applications.
As a company, our core values revolve around ensuring the timely delivery of our services to prospective clients worldwide.
In an ever-evolving oil sector, our aim is to recruit the finest engineers who can harness the latest technologies required at every stage of the refining process. Our aspiration is to emerge as a prominent force in the crude oil refining industry, driving innovation and progress.