KPO reports half-year performance results

AKSAI, West Kazakhstan Oblast, 11 August 2021 - Karachaganak Petroleum Operating B.V. (KPO) announced its performance results for the first half-year period.

Over this period, KPO produced nearly 73 million barrels of oil equivalent of stable and unstable liquid hydrocarbons, export raw gas and sweet fuel gas. In addition, nearly 5 billion cubic meters of raw gas were injected into the reservoir, which accounts for 48.4 per cent out of the total gas produced in the field.

As of today, KPO Partners have invested nearly $28 billion into the development of the Karachaganak field.

Despite the COVID-19 pandemic Company completed all the planned activities in due time, safely and at the lowest cost. The first half of 2021 saw the commissioning of the KGDBN facilities and sanctioning achieved for launching the Karachaganak Expansion Project.

As for nationalization, for the first half-year period, the ratio percentage-wise of KPO local employees has been as high as 98 per cent out of overall engineering and technical personnel and 84 per cent out of managerial staff.

KPO maintains its highest focus on environment topics.

KPO has achieved a gas utilisation rate of 99.94 per cent for the first half-year period of 2021, performing at a world class level. To date, KPO has invested $437 million into environmental activities in total.

KPO is one of the first companies in Kazakhstan to implement the Local Content Development Program successfully. For the first half year period Local Content share in KPO contracts for procurement of goods, works and services exceeded 72 per cent or more than $296 million in monetary terms.

KPO, in cooperation with local authorities, keeps taking all necessary measures to contain the spread of COVID.

KPO supports the State COVID-19 vaccination program by encouraging employees to voluntarily participate in vaccination.

In June 2021, as part of the program to improve emergency medical care in the Burlin Central District Hospital, with the support of the KPO, a new admission and diagnostic department was opened to accommodate intensive care and CT wards.  This year KPO also handed over two new sports & recreation centres in the village of Zhalpaktal Kaztalov district and in the village of Podstyopnoye Terekty district of the West Kazakhstan Oblast.

To date, KPO investment in the development of social infrastructure in the region has totalled more than $439 million.

“KPO has tremendous creative potential thanks to well-coordinated teamwork, competence and unrelenting aspiration to attain new highs. Until the end of the year, our priorities remain the same - maintain the highest production and safety performance, whilst maximizing the value for RoK, stakeholders and communities”, said KPO General Director Giancarlo Ruiu.

KPO Corporate Affairs Department