December 21, 2020
KPO Partners sign the agreement on KEP-1

NUR-SULTAN, December 21, 2020 – Karachaganak Petroleum Operating B.V. (KPO) has announced that the Partners in the Karachaganak project have signed the agreement sanctioning the Karachaganak Expansion Project-1A (‘’KEP1A Project’’).

Edwin Blom, KPO General Director, stated that “the sanctioning of the KEP1A Project is another major achievement and represents a new important milestone in the continued development of the Karachaganak field, building further on the achievements of Karachaganak Gas Debottlenecking Project (KGDBN) and the Fourth Injection Compressor (4IC) Project.  We are delighted to announce this significant milestone which is in full alignment with the RoK President Kassym-Zhomart Tokayev’s vision for the development of Karachaganak field as expressed during his recent meeting with the international oil and gas investors”.

“Aimed at extending the duration of the liquid production plateau, the KEP1A Project, which comprises of the 5th Injection Compressor and other associated facilities, will make a significant contribution and bring additional value for the Republic of Kazakhstan and its Karachaganak Partners.  The project creates job opportunities for Kazakhstani workers. One of the key KPO’s priorities during execution of this project will be maximizing the Local Content aimed at growing the local contractors’ competitiveness”, added Edwin Blom.

 

KPO Corporate Affairs Department