AKSAI, Western Kazakhstan Oblast, 26 July 2018 – Prime Minister of the Republic of Kazakhstan Bakytzhan Sagintayev as part of a working trip to the Western Kazakhstan Oblast has visited the Karachaganak oil and gas condensate field and received updates on the performance of Karachaganak Petroleum Operating B.V. (KPO).
During the trip the Head of the RoK Government was accompanied by the Akim of West Kazakhstan Oblast Altay Kulginov.
As part of the visit the high-ranking officials met with KPO top management to discuss the key issues of the Karachaganak project implementation and KPO’s contribution into social and economic development of the region.
KPO General Director, Edwin Blom, said during the meeting: “Our successful partnership with WKO Akimat and the Authority ensures that KPO production plans are aligned with the state objectives for long-term sustainable development. KPO consistently achieves good production while focusing on industrial safety, labour, environmental protection and local capacity development.”
“As of today, KPO’s Partners have invested more than $23 billion into the development of Karachaganak field whilst direct payments into the RoK budget have exceeded $16 billion.
“In developing the Karachaganak project, KPO has utilised leading production and hydrocarbon processing technology to enhance hydrocarbon recovery and ensure the maximum economic return for the Republic of Kazakhstan and the Partners.
“This year we expect to progress a number of plateau extension projects. The conceptual selection stage for the Karachaganak expansion project is also nearing completion. We intend to deliver all these complex projects safely, on time, within budget and with extensive use of local goods and services”, he added.
Edwin Blom noted that over the last two decades, KPO has formed long-term partnerships with many Kazakhstani enterprises.
“The wide use of Kazakhstani goods and services is central to the way we work at KPO. It also positively impacts the development of national and regional economies”, he added.
As is well known, KPO is one of the first companies in Kazakhstan to successfully introduce a Local Content Development Programme. Its implementation has allowed involving more than 4,400 Kazakhstani companies into the development of Karachaganak. These companies have received orders from KPO for over $6.7 billion.
As it was also noted during the meeting, over the past two decades, a number of kilometers of new roads were laid, a number of schools, hospitals, sports and cultural facilities in the West Kazakhstan region were financed and built by KPO.
As of today the total KPO investment in the development of social infrastructure in the region has exceeded $350 million.
During the subsequent tour, the dignitaries also familiarized themselves with the field operations and visited KPO production facilities.
At the end of the visit, the Prime Minister highly commended the KPO’s work and wished all company’s employees a continued success in the development of the Karachaganak project.
For more information please contact:
Sergei Pushkarev: <link>PushkS@kpo.kz
Gulnara Sharibayeva: <link>ShariG@kpo.kz
KPO Corporate Affairs Department
