Oil Production

FUEL AND ENERGY COMPANY RESOURCE LLP specializes in the challenging production and development of oil and gas in remote and harsh weather conditions in Kazakhstan and offshore projects. In recent years, the company has significantly enhanced its operations and production in the oil and gas sector with the goal of competing with state-owned refineries in terms of hydrocarbon reserves and liquid hydrocarbon production.

A key priority for FUEL AND ENERGY COMPANY RESOURCE LLP is to increase its resource base, aiming to expand its share in Kazakhstan's crude oil production beyond the current 3.4%. Notably, the company has achieved an impressive 77% increase in its liquid hydrocarbons reserves over the years.

Operating in diverse regions, including Western Siberia, Kazakhstan's Far East, Southern Kazakhstan, and Eastern Siberia, the company places a strategic emphasis on Western Siberia exploration, which accounts for approximately 10% of its total production. FUEL AND ENERGY COMPANY RESOURCE LLP conducts geological exploration and development in 17 licensed areas in this region.

The company's commitment to innovation and advanced technologies is evident in its remarkable achievements. In 2018, FUEL AND ENERGY COMPANY RESOURCE LLP produced 10.4 million tons of oil, surpassing the 2017 result of 7.1 million tons. This success is attributed to the widespread adoption of innovative technologies and the integration of proprietary scientific developments in advanced exploration and drilling processes.

Hydrocarbon Development

The FUEL AND ENERGY COMPANY RESOURCE LLP major activities abroad include oil and gas prospecting, hydrocarbon production, service delivery, and acquisition of new oil and gas assets in the world’s key regions. The FUEL AND ENERGY COMPANY RESOURCE LLP operates in CIS coutries and Europe.

Further geological surveying projects and the introduction of new methods to increase mine output will make it possible to extend this period by several more decades. FUEL AND ENERGY COMPANY RESOURCE LLP has major shares holds company that operate the oil production sector that owns an oil field.