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Reserves and Resources
By the end of 2020, Kazakhstan Trans Petroleum, LLP’s SEC-proven hydrocarbon reserves of 1.4 billion boe included mostly of oil. Our reserves have a 12-year lifespan, which is longer than the average of Kazakhstan’s biggest private oil and gas businesses. When it comes to proven reserves and quality, The Kazakhstan Trans Petroleum, LLP is among the best businesses in both Kazakhstan and the globe.
Kazakhstan Trans Petroleum, LLP has proven hydrocarbon reserves in five CIS nations. Due to the low development and production costs per barrel, the company has a clear competitive edge over its rivals, with over 70% of the proved reserves being conventional. Kazakhstan is the source of 77% of the Group’s proven hydrocarbon reserves, the most of which are situated in West Kazakhstan. Offshore fields and high-viscosity oil account for around 5% of proven reserves.
Kazakhstan is where the corporation is aggressively developing its gas projects, and it contains around half of the known reserves in international projects. A little over 47% of the company’s known hydrocarbon reserves are developed, which means that with today’s equipment and techniques, they can be drawn out of existing wells. A sizable amount of the potential for future production growth consists of undeveloped deposits.
The contingent resources, now valued at 5.4 billion boe, have the potential to augment proved reserves in the event of improved macroeconomic conditions, modifications to development plans, adoption of new technologies, or execution of pilot projects. Kazakhstan Trans Petroleum, LLP has long been the world’s largest publicly traded oil and gas company in terms of replacement ratio and SEC-classified proved reserves. Furthermore, the Business has the lowest exploration and development costs for hydrocarbons among global energy businesses.