Karachaganak Petroleum Operating B.V. (KPO)
Oil and GasWest Kazakhstan, Kazakhstan1001-5000 Employees
Karachaganak Petroleum Operating B.V. (KPO) is a joint venture in the oil and gas industry, located in Börili, West Kazakhstan, Kazakhstan, with between 1,001 and 5,000 employees. It is owned by Shell plc (29.25%), Eni (29.25%), Chevron (18%), LUKOIL (13.5%), and KazMunaiGas (10%). KPO oversees the expansion and development of the Karachaganak field, one of the world’s largest oil and gas condensate fields, located in northwest Kazakhstan, covering more than 280 square kilometres with HIIP of 9 billion barrels of condensate and 48 tcf of gas and estimated gross reserves of over 2.4 billion barrels of condensate and 16 tcf of gas. Since signing the Final Production Sharing Agreement in 1997, the partners have invested around $21.4 billion into developing the field and applying technology in accordance with Kazakhstani and international safety and environmental standards. KPO supports Kazakhstan’s green economy objectives, demonstrated by a gas utilization rate of 99.81% in 2016 and environmental investments exceeding $315 million, and operates a Local Content Development Programme with over 3,800 Kazakhstani suppliers and more than $5.5 billion in local goods, works, and services.