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Luca Vignati Aktau, 25 September 2012 PowerPoint Presentation
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Luca Vignati Aktau, 25 September 2012

Luca Vignati Aktau, 25 September 2012

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Luca Vignati Aktau, 25 September 2012

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  1. KARACHAGANAK ACTIVITY REVIEW AND LONG TERM DEVELOPMENT PLANS WORLD CLASS EXPERTISE – WORLD CLASS ASSET Luca Vignati Aktau, 25 September 2012

  2. FIELD OVERVIEW • One of the world’s largest gas condensate fields; • Discovered in 1979; • Gross reserves – over 2.4 billion barrels of condensate and 16 tcf of gas.

  3. New agreement – 14 December 2011 The Republic of Kazakhstan, the Contracting Companies and KPO have recently completed the agreement in relation to the Karachaganak Project that was initially signed on 14 December 2011. Under the terms of the agreement the Republic has acquired a 10% interest in the Karachaganak Final Production Sharing Agreement. The Republic’s interest in the Final Production Sharing Agreement will be managed by the national oil company, KazMunaiGas (KMG). The consideration under the agreement also includes the allocation of an additional 2 million tonnes per year capacity in the Caspian Pipeline Consortium export pipeline over the remaining life of the Final Production Sharing Agreement . 29.25% 29.25% 18% 13.5% 10%

  4. RESERVES AND INVESTMENTS • Karachaganak holds an estimated 9 billion barrels of condensate and 48 trillion cubic feet (tcf) of gas. • To date, around 7-8% of the recoverable hydrocarbons initially in place have been produced. • Since the signing of the FPSA: • $15.3 bln invested into developing the field, applying industry leading technology aimed at maximizing sustainable economic value • $14.6 bln of direct payments to RoK budget

  5. FACILITIES OVERVIEW Unstabilised Oil 65 000 BOEPD Stabilised Oil 242 402 BOPD Fuel Gas 2.4MSm3/d KPC Unit 3 Orenburg CPC Sour Gas 24 MSM3/day Orenburg Sour Gas Power Mini Refinery Community Unstabilised Oil 15 000 BOEPD 50 MW Production from Wells Production from Wells Unit 2 Unstabilised Oil Injection Wells Sour Gas to Re-injection 24MSM3/day Production from Wells

  6. PRINCIPAL EXPORT ROUTES • KPC- Atyrau oil pipeline (635km), operating since 2003 • Two pumping stations, one at KPC, the other at Bolshoi Chagan; terminal at Atyrau for receipt and storage • Stabilised liquids exported via CPC and Atyrau – Samara • Principal sale points of stabilised liquids are Novorossyisk (Black Sea) and Primorsk (Baltic) • Sour gas and unstabilised liquids sent to Orenburg

  7. PRODUCTION AND INJECTION HISTORY 600 PSPA FPSA Gas Injection 500 Gas Sales Liquid Production 400 K Barrels per day ) 300 200 100 0 2001 1993 1994 1995 1996 1997 1998 1999 2000 2002 2003 2009 2010 2011 2008 1984 1985 1986 1987 1988 1989 1990 1991 1992 2004 2005 2006 2007

  8. Field Development Plan - Gas Balancing • Description • Maximise production of liquids based upon current gas handling limitations • Transfer currently shut-in KPC wells to Unit 2 • Installation of two 5960m 10” pipelines between RMS-M and Unit2

  9. Field Development Plan - Plateau Extension Wells (P2ME3) Structure on Top Reservoir • Description • Continuation of existing Phase IIM,P2ME and P2ME2 drilling programme • Commencing either • 2017 – 1 rig • 2014 – 2 rigs • Total 12 wells Phase 2ME (purple) Phase 2ME2 (brown) Phase 2ME3 (yellow)

  10. Field Development Plan - Unit 2 Gas Injection Upgrade Project • Description • Maximise volume of injected gas with existing facilities • Phase 1 • Additional gas/liquid separation equipment for sustained flowrate • Phase 2 • Process plant, field injection facilities and wells Additional trunk line Unit 2

  11. Field Development Plan - KPC Gas Debottlenecking Project • Description • Increase overall KPC gas processing by expanding MP gas handling capacity • MP gas handling system enhanced including new combined MP dehydration and dew-pointing train • Potential additional pipeline from KPC to Unit 3

  12. 2011 PERFORMANCE & ACHIEVEMENTS • SAFETY • LITF & RTIF – KPO in the top 10 best performers of oil & gas producers • Road Traffic Incident – reduction of 85% from 2010 ENVIRONMENT • Gas Utilisation Rate - 99.92% (99.87% in 2010) whilst the regulatory target approved within gas utilisation programme is 99.75%. LATEST PROJECTS • TRAIN 4 - State Acceptance on 1 Dec. 2011 • UGPP - State Acceptance on 9 Sept. 2011 • 3rd Storage tank on KPC

  13. LOCAL CONTENT • Some 2,500 Kazakh vendors are currently registered on supplier database. • Since beginning of the FPSA in 1997, total value of contracts assigned to Kazakh companies exceeded $4 billion. • In 2011, KPO awarded contracts worth over $428 million to 341 Kazakh companies for the provision of goods, works and services. • In Q2 2012 the Local Content in Karachaganak project makes up to 56%

  14. LOCAL CONTENT DEVELOPMENT INITIATIVES • Pilot Project on organizing the manufacturing of high technology products for KPO and other O&G operators’ needs • Aksai Industrial Park project is under implementation • AIP Project included to the Industrialisation Map, will employ 130 experts • Spare Parts and Equipment Manufacturing Localisation Project • By WKO Entrepreneurs Association and support of WKO Akimat Technical Expert Group has been created to perform the project. • Working Group of KMG, KPO and “Kazakhstan Union of Machinery building companies” was created • Local Content reporting in compliance with the current legislation requirements • KPO was registered in the MOG reporting system • Integrated Contract Plan for 2011-2014 placed on to KPO web-site and become visible for all RoK business union

  15. HUMAN RESOURCES • Total KPO Employees – 3681 • NATIONAL EMPLOYEES UP TO 93% OF TOTAL KPO POPULATION • KPO NATIONAL STAFF HAS GROWN FROM: • 1,186 IN THE YEAR 2000 • 3,410 NOW • EXPATRIATE RESOURCES HAVE BEEN REDUCEDBY 55% FROM: • 587 IN THE YEAR 2000 • 271 NOW • Investments (plan 2012) • Annual nationals salary fund – $163 M • Annual training and development budget for nationals – $14.5 M • Annual payments for nationals as a part of collective agreement and company social responsibility – $6.2 M

  16. KPO NATIONALIZATION PROGRAMME (2009-2018) KPO Nationalization trend 1998 - 2037 Nationalization as of 31 of January 2012 vs Plan

  17. THANK YOU!