AKZHOL PETROLEUM, a legally incorporated limited liability company in the Republic of Kazakhstan, operates in multiple facets of hydrocarbon operations, encompassing exploration, production, processing, and transportation.
Our core focus resides in oil exploration and production, predominantly concentrated within nascent stages of development across several oilfields. Our operational jurisdiction extends exclusively to 14 oilfields nestled within Blocks A and E, situated within the Pre-Caspian Basin of the region. It’s noteworthy that Kazakhstan, a pivotal Central Asian nation, significantly augments its revenue through oil exports, solidifying its position as the prominent oil producer in the region.
At Akzhol Petroleum, our journey began in 1980 with a vision to drive excellence in the oil and gas industry. Over the years, we’ve evolved into a premier energy company, headquartered in Kazakhstan.
Our unwavering commitment to innovation, safety, and sustainability has propelled us to the forefront of the industry.
As a trailblazer in exploration and production, we harness cutting-edge technology and a deep-rooted expertise to unlock the potential of Kazakhstan’s abundant resources. Our commitment to responsible operations ensures a positive impact on local communities and the environment.
Join us on our journey as we continue to shape the energy landscape and pave the way for a brighter, more sustainable future.
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Burma danio, freshwater eel rock beauty, milkfish; grunter lemon shark grenadier, «ricefish surf sardine Cornish Spaktailed Bream.» Hammerjaw trout, yellowfin croaker spiny basslet
Construction
65%
Production
93%
Deadline
41%
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Reliable Energy and Global Energy Transition” Strategy has been approved by the Board of Directors at the end of 2021.
Key priorities of the new Strategy are carbon footprint reduction, operational leadership and efficiency improvement. Strategy implementation will support achievement of 17 UN Sustainable Development Goals, as well as the goals of «European Federation Strategy of Social and Economic Development with Low Greenhouse Gas Emission” and the Paris Agreement.
To ensure successful Strategy implementation targets are aligned with management KPIs and remuneration system.
“Akzhol-2030” – climate priorities horizons:
- Short-term: 5% reduction in absolute greenhouse gases emissions (Scope 1 and 2) by 2025.
- midterm:
- More than 25% absolute GHG emissions (Scope 1 and 2) reduction by 2035 ;
- Methane intensity reduction to less than 0.2% by 2030 ;
- Zero routine flaring of associated petroleum gas by 2030 2 ;
- Less than 20 kg CO 2 -e/boe intensity of Upstream GHG emissions (Scope 1 and 2) by 2030 or earlier;
- Long-term: carbon neutrality (Scope 1 and 2) by 2050 .
These activities are built on Carbon Management 2035 Plan and will contribute to the acceleration of decarbonization initiatives.
Carbon neutrality is the basis for shaping Akzhol’s strategic vision: to remain a reliable producer while minimizing the impact on the climate and the environment . Implementation will be facilitated through a number of actions aimed at emissions reduction, including the use of low-carbon power generation, energy-saving technologies, carbon capture and storage technologies, natural sink potential, and others.
“Akzhol-2030” Strategy sets priorities in all the business segments:
- Keeping the leadership in lifting costs with hydrocarbon production of 330 million toe ;
- Growth of gas share in total hydrocarbon production to 25% ;
- Growth of light product yields in Russia to 69% through existing programs;
- Implementation of circular economy model ;
- Implementation of biodiversity conservation programs (“Net positive Biodiversity impact” according to the best practice of the International Union for Conservation of Nature (IUCN));
- Remediation of 100% of the legacy contaminated land areas and waste;
- Aspiration for zero Fatal Accident Rate (FAR, including external contractors) and zero Process Safety Events Rate (PSER-1);
- Continuation of corporate and social programs implementation, ensuring the development of human resources and contribution to the implementation of the National Priorities of Kazakhstan;
- Shareholder payouts increase and profitability growth ;
- 2x FCF growth aspiration by 2030 .
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