Milestones of Kazneft Petroleum LLP

The starting point of the history of Kazneft Petroleum is the signing in 2001 of the first subsoil use contract with the Ministry of Energy and Mineral Resources of the Republic of Kazakhstan. “Participation in an open competition for investment programs to obtain subsoil use rights has brought us success,” recalls Kobeisin Nurken Ermuratuly, Director of Kazneft Petroleum. – The commission recognized the application submitted by us as promising, which led to the possibility of signing a number of attractive contracts of various levels. And our first contracts in 2001 were documents for the exploration and production of natural hydrocarbons in the Kyzylorda and Karaganda regions.”

Another significant event in the history of the company took place on August 11, 2003, when Kazneft Petroleum LLP acquired over 43% of the shares of Terenozekmunayonimderi OJSC, one of the largest enterprises of the Kyzylorda oil industry.

Increasing the pace of activity, the company Kazneft Petroleum in 2005 acquired the industrial base of the former enterprise "Kyzylordasnab" with all buildings and structures for production, technical and auxiliary purposes.

To date, the company's assets include significant production capacities and the most modern equipment, which makes it possible to quickly fulfill the tasks put forward by the management of any degree of complexity. The enterprise has a whole network of structural divisions, including an industrial base in the Kyzylorda branch, a terminal in the village of Terenozek, Kyzylorda region, as well as branches in the cities of Astana and Kyzylorda.

2001 - Signing of first subsoil use contract.

2003 - Acquisition over 43% of the shares of Terenozekmunayonimderi OJSC.

2004 - First facility for gas treatment (now Unit 3) completed. Production of gas commenced.

2005 - Chevron and LUKOIL join the Venture; a 40 year Final Production Sharing Agreement (FPSA) signed in November.

2006 - FPSA becomes effective.

2006 - Construction work commences.

2007 - First shipment of crude oil from Novorossiysk sea terminal via Caspian Pipeline Consortium.

2009 - 10th million barrel of crude oil lifted from the CPC terminal; first oil delivery via the Samara Pipeline.

2010 - Gas Sales Agreement signed between KNP and KazRosGas.

2013 - Production record of 13.5 Million barrels of oil equivalent achieved.

2014 - Start-up of the Fourth Stabilization Train at Kazneft Petroleum.

2016 – 50th million barrel of crude oil lifted from the CPC terminal; first oil delivery via the Samara Pipeline.

2017 - 20th Anniversary of the signing of the Karachaganak Final Production Sharing Agreement.

2018 - Kazneft Petroleum partners sign the agreement sanctioning Fourth Injection Compressor and Debottlenecking Project.

2019 - Kazneft Petroleum launches 5th Trunk Line Project.

2021 - Completion of the Karachaganak Gas Debottlenecking Project.