Offshore Projects of Kazakhstan
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THE MAIN ACTIVITIES OF JOINT STOCK OFFSHORE OIL COMPANY "KAZMUNAYTENIZ", WHICH WAS ESTABLISHED ON MARCH 14, 2003, ARE TO OBTAIN SUBSOIL USE RIGHTS, CREATE VERTICALLY INTEGRATED COMMERCIAL STRUCTURES ON EXPLORATION, PRODUCTION, TRANSPORTATION AS WELL AS THE DEVELOPMENT OF HYDROCARBON RESOURCES IN THE CASPIAN AND ARAL SEAS AND ADJACENT ONSHORE AREAS -AND MANAGE THE BUSINESSES.
KazMunayTeniz has 7 subsidiaries which, with Operator's functions are carrying out offshore operations in the Kazakhstani Sector of the Caspian Sea.
The company has been Managing Director of KMG Kashagan B.V. since February 2006 with the transferred share 8.33% of JSC NC KazMu-nayGas in Production Sharing Agreement. Within five years the company has developed and implemented several projects in cooperation with the well-known oil and gas companies in the world such as Shell EP Offshore Ventures Limited, Rosneft-Kazakhstan, Lukoil Overseas Shelf B.V. and Oman Pearls Company Limited. To date, five wells have been drilled on the areas of Tub-Karagan, Kurmagazy, Pearls and "A". About 14 000 line kilometers have been surveyed. In the mid-term, six exploration wells will be drilled. However, one of the most substantial outcomes is oil discovery in Khazar area (Pearls project) which is located in the northern part of the Caspian Sea. Since the company started its activity, capital investments totaling KZT 44 bin have been earned. This year two exploration wells will be drilled on highly prospective structures. This is evidence that KazMunayTeniz is steadily conducting offshore exploration operations and increasing its presence in the shelf of the Caspian Sea. These outcomes are due to State Program on Development of the Kazakhstani Sector of the Caspian Sea (adopted in 2003) and on Strategic Policy of the company. KazMunayTeniz, being a 100% subsidiary of JSC NC KazMunayGas, was the first domestic offshore oil company to not only be a subsoil use contractor but also the major domestic parent representative company to construct jack-up rigs. Facilities designed to interpret geological and geophysical data and to model fields have been substantially strengthened and up-to-date software products (Paradigm, Rocsar, Questor) have been applied. This success was achieved thanks to highly qualified company employees. Over 48% of employees have at least 10 years experience in the oil industry, (43% in international projects) and 44% have good command of English. KMT is guided by 2006 — 2010 Staff Development Program for Offshore Oil Operations (approved by JSC NC KazMunayGas in November 2006). In accordance with this program, specialists get higher education and young specialists undergo on-the-job-training in foreign companies. 29 specialists are currently taking on-the-job-training and before
2015 it is planned to increase this number up to 200. In general, for training purposes over USD 10 mln has been spent since the implementation of 5 projects began.
In addition, all offshore projects with KMT participation foresee the implementation of social programs to solve actual problems in the regions where they operate. It was only within the last 2 years that International English Language School was opened in Aktau, a kindergarten for 120 places was built in Kuryk village and oil and gas classes of Aktau State University were equipped for training and scientific purposes. USD 5.4 mln has been spent for these purposes. We should also note that the company is creating its own risk management system. This point is critical to establish to what extent we can guarantee that offshore operations will not impact sensitive ecological balance in the Caspian Sea. In this regard we are applying a standard process. Each project is subject to EIA, impact of oil operations is assessed and public ecological expert review with further constant monitoring is applied. Such attention to environmental issues in the course of oil operations on the shelf and the role of KazMunayTeniz implementing social projects jointly with foreign and domestic partners prove that Kazakhstan offshore projects are represented by the domestic and mature company that is able to set and reach its goals. KazMunayTeniz is carrying out its activities in accordance with the requirements of international management standards for quality, environment, health and safety. In this regard, the company has developed and implemented an integrated management system for quality, environment, health and safety in accordance with ISO 9001, ISO 14001 and OHSAS 18001. Since October 2007 General Director of KazMunayTeniz has been Marabayev Yermek Nasibkali-yevich, a professional oil man, who graduated from Oil and Gas Institute named after Gubkin in Moscow (1977-1982) and completed a master's program at Kingston University in London 2002-2004.