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PetroKazakhstan Inc

PetroKazakhstan Inc.

PetroKazakhstan is a vertically integrated oil and gas group owned by China National Petroleum Corporation and National Company KazMunaiGas *. PetroKazakhstan scope of business includes exploration, field development, oil and gas production, as well as purchasing of fields, processing and selling of crude oil and refined products. Thanks to its integrated nature the company’s business has a lot of opportunities to improve the quality of products and increase the efficiency.
The operations of PetroKazakhstan Group of Companies are based on two business units: JSC PetroKazakhstan Kumkol Resources (PKKR) and PetroKazakhstan Oil Products LLP (PKOP). PKKR located in Kyzylorda Oblast produces oil and PKOP located in the central city of South Kazakhstan Oblast – Shymkent – refines it.
PetroKazakhstan also owns a 50% share in two joint ventures operating in the South Turgai oil basin. The partner in JV Kazgermunai TOO is E&P KazMunaiGas AO and in Turgai Petroleum AO – LUKoil Overseas Kumkol B.V.
PetroKazakhstan’s business represents an integrated process chain covering activities from exploration and production of oil up to its processing into top-quality oil products and a developed marketing and transportation system.
Exploration is declared to be the future of the company and a generator of its growth. Annually PetroKazakhstan spends not less than 50 million USD on exploration in the South Turgai basin. Thus, in 2011 the company drilled 32 exploration wells and did 150 km2 and 300 km2 of 3D seismic surveys in contractual areas 951 and 1057 respectively. One of successful achievements in 2011 was discovery of a new deposit at Zhanbyrshy field.