NEFTYANAYA KOMPANIYA KOR AO
ABOUT US
Exploration Licence
The initial licence to develop a field is typically an exploration licence where the focus is on completing agreed work programmes. Exploration licences are typically two years in duration, and it is usual for there to be several consecutive two-year exploration licence extensions agreed during the exploration phase.
Full Production Licences
To sell oil at international prices requires either the Contract Area as a whole or a particular structure to be upgraded to a full production licence. Under a full production licence there is only limited scope to develop areas not already drilled. Additionally, a significant minority portion of production typically remains at domestic prices although the majority is sold by reference to world prices.
NEFTYANAYA KOMPANIYA KOR is an oil producing company leading vertically integrated oil and gas company in Kazakhstan. We manages assets throughout the entire production cycle, i.e. from exploration and production of hydrocarbons to transportation, refining and provision of maintenance services. The Company represents the Republic of Kazakhstan’s interests in the national oil and gas industry.
We meets the highest safety standards, has a highly qualified staff and a cost-effective resource base that ensures long-term development. We are committed to providing quality products and services to our business partners and customers while ensuring that the products and services we provide are delivered in an efficient and effective manner. We pride ourselves as the acknowledged partner of choice for our principals, customers, business partners, and all our stakeholders.
The company’s position in the upstream, midstream and downstream sectors, gives us a significant competitive advantage in the marketplace, as we are rapidly expanding our distributions networks of petroleum and cleaner natural gas commodities across the international market., Our basic principles requires constant hard work, which also allows the company to achieve its main objectives a quality customer service, Competitive petroleum product prices and reliable fuel supply, we believe these factors are crucial for our business expansion in the crude oil industry worldwide.
To date, the production well stock includes 4 producing wells and 1 well for transfer to the injection well stock to maintain reservoir pressure. To ensure uninterrupted and safe production, in 2018 an oil pipeline with a length of 32 kilometers was built and put into operation from the Kultuk field to its own collection point and terminal in the area of the Sarykamys village with a tank farm of about 3 thousand m3. The Company also uses oil heating furnaces (operating on associated gas) and gas piston power plants to generate electricity for the purpose of utilization of associated gas.
In the near future, in accordance with the approved drilling plan, the Company plans to expand production capacity by drilling new production wells at the Kultuk field, which will lead to both an increase in production and a significant increase in the number of employees who mainly live in settlements adjacent to the field.
Our vision is to become a leading independent E&P company in Central Asia by exercising capital discipline, by generating cash flow from existing discoveries and by maturing large exploration prospects within our highly-attractive frontier average.
Ensuring the Company's progressive development as one of the largest vertically integrated Kazakhstan producers of oil and gas, oil and gas processing and petrochemical products based on effective asset management of shareholders.
Our Project based on a stable financial structure with the aim of laying the foundation for sustainable growth. The Company is also proactive in transparently and accurately disclosing management information to protect stakeholders’ interest as well as pursuing shared growth with business partners. We are not only joining climate change response activities conducted at the global level but also carrying out differentiated environmental management activities. Our social contribution is implemented in line with our management strategies in order to pursue co-prosperity with local communities.
Our approach to sustainability starts with running a safe, efficient, responsible and profitable business. We also work to share benefits with the communities where we operate. And we’re helping to shape a more sustainable energy future, by investing in low-carbon technologies and collaborating with others on global energy challenges.
Fundamental principles of the Company´s environmental policy
1. Continuous and systematic reduction of negative impact of process flows upon the environment, decrease of ecological risks by means of introduction of the best existing technologies, scientific and technological achievements.
2. Achievement of industrial and ecological safety level, which meets modern international standards and requirements.
3. Rational use of natural resources based on introduction of innovative nature and resources conservation technologies.
3. Consistent enforcement of industrial and ecological safety requirements;Preservation of the primordial living environment, traditional ways of living and house holding of indigenous people;Environmental monitoring in the areas of the Company´s operations.
4. Continuous improvement of nature conservation activity and environmental management system at the Company´s facilities;Reduction of industrial impact of new facilities upon the environment achieved through comprehensive preparation of preliminary design and project documentation;
5. Continuous improvement of the personnel´s environmental skills;Transparency of the Company´s environmental efforts.