In its introductory address, KPO General Director Giuseppe Pasi comments: "Sustainable development has become an integral part of the way KPO does business in Kazakhstan. Our partnerships with the republic and with national oil company KazMunaiGaz enable us to align our business with government objectives, which are to ensure that the development of the republic's natural resources provides sustainable advantages for the country as a whole." 

Giuseppe Pasi also added, that "KPO's contribution to sustainable development is focused on maintaining world-class health, safety and environmental practices, applying robust corporate governance principles, adopting the best available technologies in our operations, and enhancing our programmes for nationalisation, local content and contributions to social development."

This is the second Sustainability Report which KPO produced and refers to KPO performance in 2009. The Report was independently verified and is available in three languages (Kazakh, Russian and English) from the company website.

Karachaganak Petroleum Operating B.V. (KPO) is a joint venture between BG Group (32.5%), Eni (32.5%), Chevron (20%), and LUKOIL (15%).

KPO oversees the expansion and development of the Karachaganak field – one of the world’s largest oil and gas condensate fields - which is located in north-west Kazakhstan covering an area of over 280 square kilometres. It holds estimated hydrocarbons initially in place (HIIP) of 9 billion barrels of condensate and 48 trillion cubic feet (tcf) of gas, with estimated gross reserves of over 2.4 billion barrels of condensate and 16 tcf of gas. 

Today, Karachaganak is producing at record levels and is the largest gas producing field in Kazakhstan, accounting for some 44% of the country’s total gas production and around 14.5% of total liquids production. In 2009 the venture produced 139.4 million barrels of oil equivalent.