Projects
KPO Reports 2014 Performance
Karachaganak Petroleum Operating B.V. (KPO) has announced the operation results for the year of 2014.
In 2014, KPO reached a record level of 142.5 million barrels of oil equivalent in production of stabilised and unstabilised liquid hydrocarbons, gas and fuel gas. In addition, 8,817.8 million cubic meters of sour dry gas were injected into the reservoir, a volume equivalent to approximately 48.3% of the total gas produced.
KPO General Director, Damiano RATTI, said: “As of today, KPO’s partners have invested $19.1 billion into the development of Karachaganak whilst direct payments into the RoK budget reached $12.6 billion”.
“In developing the Karachaganak project, KPO has utilised leading production and hydrocarbon processing technology to enhance hydrocarbon recovery and ensuring maximum economic return for the Republic of Kazakhstan and the project partners”, added Damiano RATTI.
Karachaganak is one of the largest and most complex fields to operate in Kazakhstan. Currently, there are 95 production and 17 re-injection wells in operation at the Karachaganak field, out of a total of 395 wells.
KPO actively promotes a culture where the ownership of safety is shared across the company and its contractors. As a result, the Total Recordable Injuries Frequency at KPO in 2014 was 0.27 per million man hours worked, marking a significant improvement versus the previous year (0.46) and far lower than the year target (0.38).
“KPO aims to continuously improve its performance through compliance with HSE standards, managing workplace risks and careful planning and monitoring of our operations”, added Damiano RATTI.
“KPO is committed to sustainable development and the highest standards for environment protection in all aspects of its activity. KPO fully supports initiative of the Republic of Kazakhstan regarding transition to “a green economy”.