#5 October 2011

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The goal - to become financially stable, economically effective and dynamically developing company

Kenzhebek Ibrashev, KazMunayTeniz

- Kenzhebek Niyazovich, at one time you were at the origins of the state company Kazakhstancaspishelf, which as a part of the same name international consortium conducted a seismic survey in the Kazakh sector of the Caspian Sea (hereinafter - KSCS). Today you are heading KazMunayTeniz. What is the potential of the KMT in order to achieve this goal - to become the leading Kazakh Company in offshore exploration and production of hydrocarbon resources?

- The company Kazakhstancaspishelf, created in 1993, fulfilled the tasks assigned to her by the State Government to conduct a large-scale study of the Kazakhstan sector of Caspian Sea on seismic operations. On the base of the obtained information and new data the level of prospectivity of contract territories has being determined. The first result of research of those years was the discovery of the unique oil field Kashagan, and the discovery of hydrocarbons on structures such as Kairan, Aktoty, Kalamkas-Sea, Khazar, Auezov, and Rakushechnoe-Sea.

JSC OOC KazMunayTeniz, created for the full cycle of petroleum operations at sea sets as one of its priorities to become financially stable, economically effective and dynamically developing company, meeting the environmental standards and equipped with advanced technology and highly qualified personnel.

It is well known that the activities of major companies operating in oil and gas business in a competitive environment, carried out in accordance with strategic plans developed by the company management and approved by the shareholders. The main task of the company's strategy is definition and subsequent conquest of the specific position in the global oil and gas market.

Our company adheres to the basic principles of the implementation of offshore oil and gas projects, such as:
  • ensuring safe working conditions of employees, as well as the rational use of natural resources at the highest international standards of environmental protection and safety;
  • human capital development as a driver of development and competitiveness of the company;
  • Aggressive exploration as a basis for long-term growth of the company towards our goal of increased resource base;
  • consolidation of offshore oil and gas assets;
  • Gaining an experience in the offshore projects management at the stage of development and construction;
  • Establishing long-term partnerships with leading oil and gas companies to achieve an access to advanced technologies and innovation.
As you know, oil and gas business, aiming at the realization of large expensive projects to develop oil and gas fields requires significant investments and capital stock and thus entails significant risks.

We carry out projects in the KSCS in close cooperation with strategic partners - the leading foreign oil companies.

Today, there is every reason to believe that the experience gained under oil operations in the KSCS, participation as Managing Director of KMG Kashagan BV, the presence of highly qualified professionals allows KMT to be a leader in offshore exploration and production of hydrocarbon resources.

- What is the current situation on the exploration projects that involved KazMunayTeniz?

- The company has been carrying out oil operations in exploration and evaluation in the contract territories of Zhambai, Kurmangazy, Tub-Karagan and Zhemchuzhina, which are at different stages of development. All contract territories with the total area of ​​17000 square km. are located in the northern sector of the Caspian Sea. KMT has been carrying out the exploration work on those areas since 2003.

Over the past period as a whole geologic prospective works (hereinafter - GPW) held in volume: Seismic 2D - 6762 linear km, Seismic 3D - 900 square km (Zhemchuzhina), electrical exploring- 2295 linear km, geochemical studies - 903 FT (Kurmangazy), the gravitational magnio exploring-5700 linear km, drilling - 12 wells total sinking of 23435 m and other related types of geological and geophysical researches.

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