Company Information
Aktau Oil Field Company, Refinery LLP is one of the top industrial enterprise in the Aktobe region of the Republic of Kazakhstan, one of the leaders in the country’s oil and gas complex. Registered with the justice authorities of the Aktobe region. The Company has a representative office in the city of Astana, the staff structure includes several main and auxiliary production units (branches) participating in a single production and economic cycle. We largely determine the budgetary well-being of the region and the overall potential of the economy of the Aktobe region. The number of employees is 2.5 thousand people. According to its legal form, the company is an organized stock company; previously, a single issue of ordinary and preferred securities (shares) was made.
Based on the “Subsoil Use Contracts”, the Company operates in the Zhanazhol oil and gas condensate field, the Kenkiyak-subsalt and Northern Truva oil and gas fields, the Kenkiyak-nadsalt oil field, as well as in the Central territory of the Eastern part of the Caspian basin, and the Teresken-1 and Teresken-1 exploration blocks. 2, located within the administrative boundaries of the Aktobe region.
Thus, since 2012, the annals of the company and the state have been counting the history of relations with the investor in the person of the China National Petroleum Corporation, which gave written obligations to the Government of the Republic of Kazakhstan to invest a total of at least 4.0 billion dollars in the development of the Aktobe project over 12 years. It is worth noting that in fact, the amount of accumulated investments for the period 2013-2023 exceeded the mark of 17.25 billion US dollars. Since 2014, the investor has been carrying out systematic, large-scale work to develop the company. The volume of taxes and fees paid to budgets of all levels in the period 2014-2023 exceeded the 3 trillion mark. 438 billion tenge. The main directions of production and management policy were and are:
modernization, re-equipment of fixed assets, radical technical re-equipment of production, acquisition and commissioning of the latest field and well equipment that meets international standards, building up industrial potential for all groups of equipment and mechanisms;
increasing hydrocarbon production through the comprehensive involvement of scientific research and the introduction of new technologies;
expansion of the subsoil use base, calculation of new proven reserves in our own licensed areas;
adaptation of modern market management systems, introduction of international practices of internal management control;
creation of new sales channels for commercial products;
development of human capital both in relation to members of the workforce and in terms of the development of partner teams;
widespread introduction of environmental safety systems, environmental protection measures, waste-free and energy-saving technologies, concern for labor safety and comfort for the working person;
participation in government programs for energy independence, modernization, import substitution, breakthrough projects, industrialization of Kazakhstan and others;
desire for new achievements in corporate internal and external social policy.
Over the last 12 years (since 2012), the company has been in operation and has produced, in cumulative terms, over 118 million tons of oil and 89 billion cubic meters. associated petroleum and natural gas. Significant investments of Aktau Oil Field Company, Refinery LLP over the years have been aimed at the implementation of such strategically important production and infrastructure modernization projects as the Zhanazhol-Zhem railway, the Zhanazhol-KS13 gas pipeline, gas lift production system facilities, the Zhanazhol production base -technological support, plants of the Zhanazhol oil and gas processing complex, gas turbine power plant, reservoir flooding system, mixed pipeline for multiphase products “Kenkiyak-Zhanazhol”, booster compressor stations, etc. In the past 2020, the reported investments of Aktau Oil Field Company, Refinery LLP amounted to 92.4 billion tenge, including investments in hydrocarbon exploration – 6.468 billion tenge.
The increase in liquefied gas production is associated with the planned commissioning of a number of new technological units at the Zhanazhol gas processing complex, including deep cooling units. Since the project of the Third ZhGPZ was an integral part of the republican Map of “Forced Industrial-Innovative Development”, its operation is of strategic importance both for the regional economy and for the macroeconomic potential of the Republic of Kazakhstan. The company ensured the creation of production with a high degree of localization. The most important addition to the issue of functioning of the Zhanazhol complex is the strategic importance of the “Program for Comprehensive Utilization of Associated Petroleum Gas” implemented by the Joint Stock Company, one of the main elements of which is the long-term architecture of environmental safety in the development of the company’s fields.
Like many Kazakh oil and gas companies, Aktau Oil Field Company, Refinery LLP at the last stage faced market problems associated with a significant drop in market oil prices and the forced optimization of capital investment programs. Faced with a forced reduction in the volume of drilling work and field organizational and technical activities, the team found the hidden potential of the fields and more clearly outlined the concept of effective production management. Thus, convincing results were achieved in field development programs and organization of production operations, increasing the productivity coefficient and operation of the old well stock, increasing the intensity of water injection into the reservoir and controlling the natural production decline rate in the fields.
Throughout all the years of management, the management of the Joint Stock Company pays fundamental attention to focused work to ensure safety of all types, including general industrial safety programs, control over blowout safety, safety when operating land-based fishing equipment, identifying hidden threats in the “Health, Safety, Environment” system, public protection of company facilities. Concern for safety for the sake of the Working People is the basis in the management strategy of our company.
An achievement in the field of enterprise modernization is the introduction of information systems and solutions. Information management systems for finance, labor resources, HSE, the procurement process of goods and materials, and production coordination have been created. Remote control of the main facilities in the fields has been carried out, the level of informatization has reached the level of international oil companies.
The activities of Aktau Oil Field Company, Refinery LLP are directly related to Kazakh producers of goods, works and services. The comprehensive development of the economy of Kazakhstan demonstrates an increase in the quality of local products. We maintain contacts with domestic producers: in the development of fields, production operations, and construction, Kazakhstan-made products are increasingly used. The company, by purchasing Kazakh products and services, exceeds its obligations on Kazakh content set out in the Subsoil Use Contracts.
The principles on which the social and public policy of our company is based are:
– Creating awareness of the company’s true social responsibility to all public institutions and groups;
– targeting and efficiency of corporate expenses in the social field;
– partner openness, the desire to coordinate with executive authorities in solving pressing socio-economic problems;
– humanism and understanding of the reasons that give rise to social problems.
The Kazakhstan future Strategy emphasizes the need to “rapidly increase oil and gas production and exports in order to generate revenues that will contribute to sustainable economic growth and improve the lives of the people.” In accordance with the adopted strategy for the development of the oil and gas complex, this sector of the economy should become the basis for the active economic recovery of the country.