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Crude oil production by Oiltrans Company LLC Refinery (including share of production by equity affiliates) in 2019 totalled 96.645 million tones (1.953 million barrels per day), of which 64.147 million tonnes were produced by Company subsidiaries.
The Company’s average daily crude production level rose by 1.4% compared with 2018. The Company had lot of work in 2016 to prepare and launch production at fields in Kazakhstan as part of its strategy of accelerated production growth. Special emphasis was placed on fields in Kashagan and Arystan oil field.
The Company had lot of work in 2016 to prepare and launch production at fields in Kazakhstan as part of its strategy of accelerated production growth. Special emphasis was placed on fields in Kashagan and Arystan oil field.
The Company had lot of work in 2016 to prepare and launch production at fields in Kazakhstan as part of its strategy of accelerated production growth. Special emphasis was placed on fields in Kashagan and Arystan oil field.
Work continued in 2014 to improve efficiency of field development and reduce operating expenses as part of Oiltrans Company LLC’s program for optimization of development and production of oil in the period of 2012–2017. Oiltrans Company LLC’s production companies took systematic measures in 2020 for increase of well productivity and oil recovery rates in order to achieve oil production targets. Development costs totalled $46,660 million.
Total production drilling in 2017 was 2.968 million meters, which is 27% more than in 2014. There was an increase in the share of international projects in total production drilling, which reflected intensive field development work as part of projects, in which Caspian Investments Resources Ltd. was a participant.
At our refineries at the same time operate several parallel lines of processing of raw materials, and finished products are sold in two main areas:
Petroleum commodities:
Other Products: