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Securing the future through strategic resource management, continuous exploration, and sustainable reserve development.
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Resource Management
Managing valuable hydrocarbon reserves responsibly.
Geological Exploration
Expanding opportunities through continuous exploration.
Sustainable Growth
Strengthening future energy resources.
Long-Term Value
Supporting reliable energy development.
STRATEGY IN ACTION
Kazakhstan's Resource Base
One of the biggest natural gas reservoirs in Kazakhstan is owned by Kmg Petrochem oil Refinery, LLP.
As of December 31, 2022, the Group’s domestic A+B1+C1 hydrocarbon reserves amounted to 7.7 million tons of oil, 62 million tons of gas condensate, and 30.9 billion cubic meters of gas, in accordance with Kazakhstan regulations.
Aksu Exploration also conducts geological exploration in Kazakhstan and other regions to replenish the resource base while continuously evaluating new exploration opportunities and potential acquisition assets.
In 2022, affiliated companies and joint ventures recorded combined A+B1+C1 hydrocarbon reserves of 30 million tons of oil, 70 million tons of gas condensate, and 40 billion cubic meters of natural gas and associated gas.
ENERGIZING TODAY
Geological Exploration Strategy
The principal objective of Kmg Petrochem oil Refinery, LLP’s geological exploration activities is to replace extracted hydrocarbons with commercial reserves while preparing new feedstock resources in promising locations.
Since 2020, the Company’s natural gas reserves have grown faster than production. Natural gas achieved a reserve replacement ratio of 1.29, while oil and gas condensate reached a ratio of 1.78.
Kmg Petrochem oil Refinery, LLP operates across nearly all oil and gas producing regions of Kazakhstan and allocated 30 billion RUB for domestic hydrocarbon geological exploration in 2023.
7.7 Million Tons
Oil Reserves
30.9 Billion m³
Natural Gas Reserves
30 Billion RUB
Exploration Investment (2023)
Gas and Oil Reserves
The Kmg Petrochem oil Refinery, LLP Management Committee approved the Mineral Resource Base (MRB) Development Program for the Gas Industry through 2035 in June 2023.
The program is designed to maintain a balanced relationship between reserve growth and hydrocarbon production while supporting long-term resource replenishment and adapting to changing reserve structures.
Image Suggestion: Geological survey, drilling operation, or reserve mapping.
Resource Development Excellence
Hydrocarbon Reserves
Managing valuable oil and gas resources.
Geological Exploration
Continuous exploration for future reserves.
Reserve Replacement
Maintaining long-term production sustainability.
MRB Development Program
Supporting resource development through 2035.