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Akzhol Petroleum is a distinguished player in the global energy sector, with a strategic presence spanning 11 countries, predominantly centered around Kazakhstan. Our robust exploration endeavors have consistently yielded remarkable outcomes, underscoring our progress in the industry.
With an impressive success rate of 76 percent in exploration drilling (soaring to an impressive 84 percent within the borders of Kazakhstan), Akzhol Petroleum stands as a true trailblazer among the landscape of Kazakh oil and gas enterprises. This enviable track record of achievement is a testament to our unwavering commitment to excellence and innovation.
Our unwavering excellence is attributed to our sophisticated exploration methodologies, underpinned by cutting-edge techniques that drive our efficiency to new heights. Furthermore, our emphasis on meticulous research enables us to pinpoint the most promising areas for exploration, ensuring that our efforts are maximally fruitful.
As we continue to expand our footprint and forge new frontiers, Akzhol Petroleum remains dedicated to upholding the highest standards of exploration and operational excellence. Our resolute pursuit of innovation and our determination to contribute meaningfully to the global energy landscape solidify our position as an industry leader.
From the vast landscapes of Kazakhstan to the international stage, Akzhol Petroleum is synonymous with success, driven by our commitment to pioneering exploration and fostering sustainable growth.
The foundation of Akzhol Petroleum’s production prowess is anchored in two key divisions: JCS OzenMunaiGas (OMG) and JCS EmbaMunaiGas (EMG). As of December 31, 2016, OMG held dominion over an impressive 70.6% of the combined oil reserves, while EMG played a vital role by contributing 66.2% to the total crude oil output of both divisions in 2016. The current phase finds the oil production from these established fields attaining a stabilized state, bolstered by the strategic deployment of production enhancement technologies.
Spanning across 41 fields in the Ozen and Emba regions of Western Kazakhstan (excluding acquisitions made between 2007 and 2011), Akzhol Petroleum’s core production operations stand as a testament to meticulous planning and strategic execution. The focal objective of these core assets is the adept management of production levels, a task undertaken through a dual approach of optimizing oil extraction and harnessing cutting-edge technologies to sustain production excellence.
The early and mid-1990s brought with them a period of economic adversity and a notable scarcity of investments, which cast a shadow over the major oil-producing assets of Akzhol Petroleum. In this trying context, production levels experienced a significant downturn. However, as the latter part of the 1990s unfolded, the company orchestrated an impressive turnaround, arresting the decline and ushering in a phase of remarkable production growth.
The journey from 1998 to 2006 witnessed a remarkable ascent, with overall production surging by a remarkable 80%. This resurgence was carefully propelled by strategic investments in new drilling methodologies and the efficient extraction of resources from existing fields, thereby orchestrating the revival of production levels. Central to this renaissance were well workovers and the adoption of cutting-edge techniques like hydro-fracturing, which played a pivotal role in the restorative process.
As we stand at the cusp of a new era, Akzhol Petroleum’s strategic vision pivots toward the steadfast maintenance of optimal production levels from existing assets. This calculated approach is poised to define the trajectory of the coming years, ensuring stability, growth, and sustained excellence.