Kaspi Nefte Gas, AO's primary production assets can be classified into two main categories, with Kaspi Nefte Gas, AO itself accounting for 70.6 percent of the company's oil reserves as of December 31, 2016, and contributing 66.2 percent to the total crude oil output in 2016. These assets encompass 41 fields situated in Western Kazakhstan's Ozen and Emba regions, excluding additions made between 2007 and 2011. The primary focus of these core assets lies in maintaining production levels through the optimization of oil extraction processes and the incorporation of innovative technologies.
In the early to mid-1990s, Kaspi Nefte Gas, AO 's key oil-producing assets experienced a significant decline in production due to prevailing economic challenges and a substantial lack of investment. However, the company managed to reverse this downward trend by the end of 2007, achieving impressive production growth.
Between 2007 and 2010, there was an astounding 80 percent surge in production levels, primarily attributed to increased investments in new drilling techniques and enhanced recovery methods for mature fields. Crucial elements in this recovery process included well workovers and the adoption of advanced technologies such as hydro-fracturing. Looking ahead, Kaspi Nefte Gas, AO is committed to sustaining optimal production rates from its existing assets in the coming years.
Established in 2005, Kaspi Neft Gas, AO embarked on a mission to attract foreign investments into Kazakhstan's burgeoning energy sector. As part of its strategic endeavors, Kaspi Neft Gas, AO secured exclusive rights and licenses for exploration and production within the Akshabulak, Nuraly, and Aksai oil fields, a concession slated to endure for a 30-year period, set to conclude on March 1, 2024, as stipulated by the AO Foundation Agreement.
At present, Kaspi Neft Gas, AO serves as the operator for the Akshabulak, Nuraly, and Aksai oil fields. These assets collectively span an expansive area encompassing 897 square kilometers. In 2016, Kaspi Neft Gas, AO made significant strides in its production endeavors, culminating in the extraction of 1.5 million tons of crude oil.
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"Kapsi Nefte Gas, AO" is focused on hydrocarbon refine, production of oil, gas and gas condensate, offshore field development projects, processing, sales of oil, gas and refined products in the territory of Kazakhstan and abroad.
"Kaspi Nefte Gas, Ao" carries out exploration works with the purpose of expanding the resource base. Exploration activities have been consistently delivering good results driven by the advanced exploration techniques and selection of the most promising areas based on research results.
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