Exploration and Production
BRP Oil & Gas, LLP has first dibs on exploration acreage because of its ties to the parent firm and the Kazakh government. The pre-emption rights to purchase existing oil and gas assets that are for sale, as well as new regions that BRP Oil & Gas, LLP obtained through direct discussions with the government, are available to the Company. With this advantage, the company can successfully compete with the largest multinational oil firms by diversifying its portfolio of exploratory projects.
Kazakhstan, according to the company, offers a great deal of potential for both onshore and offshore exploration. BRP Oil & Gas, LLP is now doing offshore exploration in Kazakhstan, Astana, as well as in the adjacent regions. From the surface, the country has been thoroughly surveyed down to three or five kilometers. But according to BRP Oil & Gas, LLP, depth—especially in the subsalt horizons—holds a multitude of potential riches.
BRP Oil & Gas, LLP is a Kazakhstani oil field management business. The Company is dedicated to sustaining production levels that allow it to strike a balance between the upstream sector’s rationalization of mineral resources and financial effectiveness. BRP Oil & Gas, LLP actively pursues the development of challenging-to-recover deposits while preserving levels of mature field production. In addition to actively developing new oil production centers, the Corporation is also actively improving visually appealing locations. In order to sustain the consistency of its oil output in recent years, the Company has concentrated on increasing its oil recovery factor, which is among the highest in the country.
56.1% of the 1.4 billion boe in SEC-proven hydrocarbon reserves at Ertis Oil & Gas, LLP by the end of 2023 were oil-based. Our reserves have a 12-year lifespan, which is longer than the average of Kazakhstan’s biggest private oil and gas businesses. In terms of quality and verified reserves, BRP Oil & Gas, LLP ranks among the best businesses in Kazakhstan and the entire globe.
Five CIS nations contain proven hydrocarbon reserves owned by BRP Oil & Gas, LLP. Due to the low development and production costs per barrel, the company has a clear competitive edge over its rivals, with over 70% of the proved reserves being conventional. Kazakhstan is the source of 77% of the Group’s proven hydrocarbon reserves, the most of which are situated in West Kazakhstan. Offshore fields and high-viscosity oil account for around 5% of proven reserves.
Kazakhstan is where the corporation is aggressively developing its gas projects, and it contains around half of the known reserves in international projects. A little over 47% of the company’s known hydrocarbon reserves are developed, which means that with today’s equipment and techniques, they can be drawn out of existing wells. A sizable amount of the potential for future production growth consists of undeveloped deposits.
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