October 23, 2016 5:46 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Karachaganak Petroleum Operating B.V.

Company Overview

Karachaganak Petroleum Operating B.V. is engaged in extracting, processing, and exporting oil and gas. It offers stabilized and un-stabilized liquid hydrocarbons, raw gas, sour gas, sweet gas, and fuel gas. Its crude oil is mainly exported via the Caspian Pipeline Consortium system pipeline, leading to the Black Sea port of Yuzhnaya Ozereyevka; and another outlet for crude oil is via the Atyrau-Samara pipeline, which connects to the Russian Transneft system allowing access to the port of Primorsk and various European destinations. The company also provides drilling and reservoir management services. Karachaganak Petroleum Operating B.V. was founded in 1984 and is based in Aksai, Kazakhstan.

Kazakhstan Branch

Burlin Region

Western Kazakhstan Oblast

Aksai,  090300


Founded in 1984


7 763 222 2103


7 763 222 2132

Key Executives for Karachaganak Petroleum Operating B.V.

Finance Director
Operations Director and Deputy General Director
Legal Director
Government Relations Director
Compensation as of Fiscal Year 2016.

Karachaganak Petroleum Operating B.V. Key Developments

Karachaganak Petroleum Operating B.V. Announces Production Results for the Six Months Ended June 2016

Karachaganak Petroleum Operating B.V. announced production results for the six months ended June 2016. The company increased oil output in January-June 2016 by 11.3% year over year to 78.8 million barrels of oil equivalent from 70.8 million barrels a year earlier. Gas injected in the reservoir in the reporting period amounted to 4.34 billion cubic meters or 44% of all produced gas.

Karachaganak Petroleum Operating B.V. Announces Operating Results for the Six Months Ended June 2015

Karachaganak Petroleum Operating B.V. announced operating results for the six months ended June 2015. For the period, the company produced 70.8 million barrels of oil equivalent or 100,000 barrels less compared to the same period last year.

Gazprom Announces Sales and Purchase Contract for Gas from Karachaganakskoye Gas and Condensate Field Extended Till 2038

The Gazprom Management Committee and Karachaganak Petroleum Operating (KPO) signed an agreement between KazRosGas and KPO in Astana. The document extends till 2038 the long-term sales and purchase contract for nearly 9 billion cubic meters of gas annually from the Karachaganakskoye gas and condensate field. The agreement guarantees an additional export of 120 to 135 billion cubic meters of gas to the Orenburg Gas Processing Plant (GPP) and also provides long-term supplies to the domestic market of Kazakhstan, in particular by means of swap transactions. The Karachaganakskoye gas and condensate field is located in the Aksai District of the Uralsk Region in the Republic of Kazakhstan at a distance of 130 kilometers from the Orenburg GPP.

Recent Private Companies Transactions

No transactions available in the past 12 months.

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