Oil, local content and emergency wells
At the request of the Petroleum Journal, the local administration of Atyrau region provided exclusive information about the current situation and prospects of the region.
Regarding oil production volumes
At the end of 2019, oil production by regional enterprises amounted to 49.4 mln tons of oil – 2% more than in 2018. By 2025, oil production in the region will increase due to the Future Expansion Project of Tengizchevroil LLP.
The role of the local executive body in the development of local content in goods, works, and services purchased by subsoil users
In order to develop local content in oil and gas projects, memoranda were signed with major enterprises of the region (Tengizchevroil LLP, NCOC company) on setting target indicators for local content. Target indicators were set for each company, and the companies committed to achieving these indicators by the end of the year (TCO – 4%, NCOC – 19%).