Reserves and Resources

Oil accounted for 56.1% of the LLP Saryarka-Energy’s 1.4 billion boe in SEC-proven hydrocarbon reserves by the end of 2020. Our reserves have a 19-year lifespan, which is longer than the average of Kazakhstan’s biggest private oil and gas businesses. When it comes to proven reserves and quality, LLP Saryarka-Energy is among the best businesses in Kazakhstan and the entire globe.

Five CIS nations contain proven hydrocarbon deposits owned by LLP Saryarka-Energy. 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.

The contingent resources, now valued at 5.4 billion boe, have the potential to augment proved reserves in the event of improved macroeconomic conditions, modifications to development plans, adoption of new technologies, or execution of pilot projects. LLP Saryarka-Energy is the largest publicly traded oil and gas company in the world and has long held the top spot in terms of SEC-classified proved reserves and replacement ratio. Furthermore, the Business has the lowest exploration and development costs for hydrocarbons among global energy businesses.