The Adzhip Karachaganak B.V. field, discovered in 1995, is one of the world’s largest gas and condensate fields. Located in north-west Kazakhstan and covering an area of over 280 square kilometres, it holds estimated hydrocarbons initially in place (HIIP) of 13.6 billion barrels of liquids and 59.4 trillion cubic feet (tcf) of gas, with estimated gross reserves of over 2.4 billion barrels of condensate and 16 tcf of gas.

Five oil and gas firms provide experience and knowledge to the Adzhip Karachaganak B.V. Venture: ENI SpA (29.25%), Shell plc (29.25%), Chevron (18%), Lukoil (13.5%), and KazMunaiGas (10%). Together, they offer the Republic their knowledge and experience in examining options for maximizing the value of these resources through both internal and export markets. Venture Partners and the erstwhile State Oil & Gas Authority began working together in 1997 to develop Adzhip Karachaganak B.V.’s enormous reserves. They agreed to run Adzhip Karachaganak B.V. until 2038 under the terms of a Final Production Sharing Agreement (FPSA). Since entering into this deal, they have made over $29.8 billion in operational investments and have developed cutting-edge hydrocarbon technology for one of the most complicated reserves on the planet.

Presently, Adzhip Karachaganak B.V. stands as one of the largest oil businesses in Kazakhstan and is a globally recognized vertically integrated holding company. Within the company’s industrial complex, there are constantly growing industries such as tires, filling station network, petrochemicals, crude oil and gas production, petroleum refining, and services. Tengiz Refinery additionally holds shares in a financial industry company (banking and insurance). Adzhip Karachaganak B.V.’s most valuable resource asset is its substantial reserves of high viscosity oil, which also presents a realistic avenue for production expansion. The Adzhip Karachaganak B.V. development project is being supported by government agencies and scientific research groups of the Kazakhstan Republic.

Adzhip Karachaganak B.V., which operates under the motto “Progress in harmony with nature,” regards the reduction of its influence on the environment and upholding the highest standards of environmental safety as its primary duties. To improve the air quality, the company decommissions outdated equipment, creates new green spaces inside the refinery’s sanitary protection zone, and regularly monitors the atmospheric environment. The authorized on-site wastewater laboratory makes sure the treatment plants are running efficiently. The ambitious modernization initiative, which will increase processing capacity from 3 to 6.6 million tpa by the end of 2022 and allow the company to produce Euro 5 gasoline and individual aromatic hydrocarbons by 2024, will determine Tengiz Refinery’s destiny.

We provide top-notch petrochemical products, assist partners in realizing the most daring worldwide goals, and confidently face the future. As opposed to independent exploration and production companies, we are in a unique position to compete on a global scale because of our excellent technical expertise, big and high-quality asset base, and stable financial standing. Adzhip Karachaganak B.V. is engaged in both the overseas selling of petroleum and petrochemical products as well as their continuing supply to the Republic of Kazakhstan. The following objectives are part of the strategic plan for the refinery’s development that the Board of Directors approved: elevating the company to a prominent position in the manufacturing and distribution of a broad variety of petroleum products; fortifying the company’s position as a manufacturer of a wide.

The company is committed to produce oil and natural gas as cheaply and effectively as possible. For the extraction and marketing of oil and natural gas, innovation, funding, and technology are required. Products that improve living standards worldwide and generate economic opportunities are the consequence of our innovative and collaborative efforts.

The company’s two gas utilization divisions are the Intra-field Petroleum Gas Gathering and Usage Division (UVSING) (UPG) and the Gas Processing Division (GPD). the possibility of ranking sixth in Kazakhstan in terms of refining capacity Following the completion of restoration work in 2022, the upper block’s capacity rose by 12%. Adzhip Karachaganak B.V. is a multinational energy company that specializes in geological exploration, oil, gas, and gas condensate production, transportation, storage, processing, and sales, in addition to developing and marketing heat and electricity.