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February 08, 2016 11:42 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 2015.

Karachaganak Petroleum Operating B.V. Key Developments

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.

Karachaganak Petroleum Announces Two Senior Management Appointments

Karachaganak Petroleum Operating B.V. has announced two senior management appointments. Renato Maroli takes over from Damiano Ratti as the new KPO General Director, and Andrew Wiper steps in as the new Operations Director and Deputy General Director. Maroli has over 22 years of experience in the oil and gas industry, including domestic and international assignments such as Libya and Egypt. In his most recent assignment he held the position of Chief Executive Officer of Enimed, Eni's sister company that operates onshore and offshore assets in Sicily, Italy. Andrew Wiper has considerable experience in executive roles and has a solid technical and managerial background combined with international experience gained in various companies such as in BG Group, Shell and Schlumberger.

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