Directory of the Companies

Projects

Moldovan Investors' Adventures in Kazakhstan

#1 (85), February 2014 Moldovan Investors' Adventures in Kazakhstan

In the first days of January, Tristan Oil Company issued an official statement about winning the arbitration proceedings on the claim to the Government of Kazakhstan in the amount of $506 million. According to Tristan Oil, the cause of the action was Kazakhstan’s capture of investments of Tristan Oil in Kazpolmunai LLP and Tolkynneftegaz LLP, acting as guarantors of issue of the covered bonds of Tristan Oil maturing in 2016.

KPO Reports 2013 Performance

#1 (85), February 2014 KPO Reports 2013 Performance

Commenting on 2013 performance results, Damiano Ratti, KPO General Director, said: “I am pleased to announce that KPO has sustained our ‘World Class’ safety performance in 2013 by reducing our lost time incident (LTI) rates as compared to 2012. This performance is benchmarked against other Oil & Gas companies within the Oil & Gas Producer’s (OGP) Association and this achievement signifies KPO personnel’s commitment to safety, health, and environmental practices and standards.

Great Opportunities for Local Contractors

#5 (83), October 2013 special issueGreat Opportunities for Local Contractors

Kashagan. A huge hydrocarbon field in Kazakh part of the Caspian Sea. The unique project implemented by the international North Caspian Sea Consortium. On 11 September 2013 NCOC announced on behalf of the Consortium about the opening of the first well and production of the first barrels of oil.

The Second Tengiz. Offshore

#5 (83), October 2013 special issueThe Second Tengiz. Offshore

Kazakhstan hopes to discover a new large oil and condensate field, which size is comparable to  Tengiz field. However, not in the onshore, but  offshore. As expected, the works in Makhambet site, located in the offshore  of the Caspian Sea, performed by the Kazakhstan-Chinese company “Atyraumunaygaz”,  will turn to be  successful by 2014.

Kashagan and Karachaganak: Chinese scenarios

#4 (82), September 2013 special issueKashagan and Karachaganak: Chinese scenarios

Finally, Kazakhstan used its priority rights to purchase an 8.4% share in Kashagan field, previously owned by ConocoPhillips. Its share in the world's largest oil and gas project, the US Company will sell to JSC NC KazMunayGaz(KMG) for $ 5 billion. The deal will be completed in the fourth quarter of 2013.

Will there be a New Tengiz in Kazakhstan?

#3 (81), June 2013 Will there be a New Tengiz in Kazakhstan?

Both Kazakhstani and Russian geologists for the first time publicly declared their non-agreement with the recent modern slogan that the future of oil production of Kazakhstan is connected only with the Caspian shelf. They reckon on discovery of several more Tengiz Shelves onshore.

Kashagan: Bellum Omnium Contra Omnes

#3 (81), June 2013 Kashagan: Bellum Omnium Contra Omnes

The situation around the sale of the share of the American ConocoPhillips in the North-Caspian project (8.4%) is entangled more and more. As it was earlier declared that Kazakhstan will decide the fate of the share on 25 May 2013, the Minister of Oil and Gas of the Republic Mynbayev announced on May 22 that the date is being moved to the beginning of July. "The decision [of the State Commission - Petroleum] is from July 2," – Mynbayev told Reuters, without giving reasons for the delay.

Petrolinvest Unites Efforts with Total and CNPC

#2 (80), April 2013 special issuePetrolinvest Unites Efforts with Total and CNPC

Mr Bertrand Le Guern, chairman of the board of Petrolinvest SA, for the first time gives an interview to the Kazakhstan press. He tells Petroleum about the achievements and plans of the first Polish investor in the Kazakhstan’s oil and gas sector

The Kalamkas-sea Project is Gaining Speed

#2 (80), April 2013 special issueThe Kalamkas-sea Project is Gaining Speed

The international consortium North Caspian Operating Company (NCOC), preparing to start commercial production at Kashagan, announced the second largest commercial discovery: at the Kalamkas-sea field. Press-service of the national company КаzMunayGas has officially confirmed this news 3 months later. As inform the sources, the time has been chosen not accidentally. Three companies from among the project participants have managed to reach an agreement on principles on forming a separate company to develop the field.

Who Will Control the Kazakh Oil?

#2 (80), April 2013 special issueWho Will Control the Kazakh Oil?

Evidently, it’s not an open secret that the authorized body in the person of the Ministry of Oil and Gas of the Republic of Kazakhstan controls a proportional parity of investors from among large geopolitical players. Moreover, possessing the right of veto, the Ministry has a possibility to regulate the presence of these or that countries in the Kazakhstan’s oil and gas industry.

Lateral Movement at Каshagan

#1 (79), February 2013 Lateral Movement at Каshagan

ConocoPhillips, an American oil company which has ranked, under the 2012 results, 12th in the rating of Fortune Global 500, leaves the Kazakhstan market. On the eve of the new year, the company has declared about the sale of its share in the Kashagan consortium, and on January 25, 2013 has completed the deal on the sale to the national company KazMunayGasof a 24.5 % interest in the prospective offshore project N (Nursultan) in the southern part of the Caspian Sea.

Kashagan at HomeStretch

#6 (78), December 2012 Kashagan at HomeStretch

The North-Caspian project has become this autumn a major newsmaker in the oil and gas industry. One of the main intrigues of KAZENERGY Forum held in early October in Astana was the question: whether production at Project No 1 for Kazakhstan – the giant Kashaganfielddiscovered 12 years ago on the Caspian Sea shelf – will start in the next year.

A Strategy of Growth at Dunga

#6 (78), December 2012 A Strategy of Growth at Dunga

While specialists and mass-media are riveted by megaprojects such as Каshagan and Каrachaganak, small producing companies in the west of Kazakhstan have been increasing their potential in recent years, making competent investments and building their businesses. One such company is Maersk Oil Kazakhstan GmbH, branch of Danish Maersk Oil, which on December 1 will start commercial oil production from Phase II at the Dunga field near Аktau. Моrten Kelstrup, Managing Director of Maersk Oil Kazakhstan GmbH, shares the company’s components of success with Petroleum.

The Caspian Without Investors

#6 (78), December 2012 The Caspian Without Investors

 This is not yet mass flight of investors, but already is not a single refusal. The efforts of the Kazakhstan’s government on the development of riches of the Caspian Sea shelf do not yet bring desirable results: except for the large-scale Kashagan project the production from which is promised to start in March of the next year, other projects are skidded, while investors curtail their activity.

Restart of Kazakhstan’s Gas Chemistry

#5 (77), October 2012 special issueRestart of Kazakhstan’s Gas Chemistry

Possessing all necessary conditions, such as all-round support of the government, unprecedented tax privileges, a special economic zone (SEZ), accessible raw materials at a low cost and preferential credit financial resources from the state and from the banks of China and South Korea, the reanimated project for the construction of the gas chemical complex (GCC) on Northern Каrabatan again faces considerable difficulties.

The Course – on the Kazakhstani Content!

#5 (77), October 2012 special issueThe Course – on the Kazakhstani Content!

One of the pillars of the State Program for Accelerated Industrial and Innovative Development being implemented in the republic by order of the head of state is the development of the Kazakhstani content in the industry. The experience of successful partnership of the national company KazTransOil with local suppliers of goods and services is numbering for many years.