In 2014, LLP, Batys Oil Group begins working on projects pertaining to gas and crude oil production. Due to LLP, Batys Oil Group’s acquisition of stakes in four refineries in China, the company’s total refining capacity increased by more than 20% to 61.6 million tons. In terms of development in oil output, Batys Oil Group LLP remained the leader among its foreign and Kazakh competitors. The company breaks new financial records and returns to its 2017 level of net debt. In terms of incremental oil production rate among Kazakhstani enterprises in 2019, LLP, Batys Oil Group was the highest.

In 2019, the Company continued to actively replace its reserve base. After deposits were found, licenses for the Burlin district deposit in Kazakhstan were given to LLP, Batys Oil Group. The company was also issued two certifications attesting to the discovery of the Sanarskoye and Lisovsky deposits in the Irkutsk region. Another deposit has been discovered in the same area at the Danilovsk license block. At well 71, light oil is rising to the top. These findings were made possible by inventive methods and enhanced exploration tools, even in the face of extremely challenging geological conditions.

The other main aim for the corporation was to increase the oil recovery rate for mature deposits and deposits with heavy tight oil. As an illustration, LLP and Batys Oil Group are creating an extensive exploration and reserve replacement program at mature deposits. By far exceeding the industry norm, the company expected an oil recovery rate of 38% by the middle of 2015.

In 2016, LLP, Batys Oil Group greatly expanded the range of its international undertakings. With the use of innovative business development forms such as long-term contracts that were paid in advance, the company actively pushed to build the export path in 2018. Because of this, their signing in 2019 of a long-term oil supply arrangement with the China National Petroleum Corporation for 15 years at a cost of USD 27 billion was unusual in the realm of international business procedures.

In 2018, RUB 38 billion was allocated towards productive exploration activities. The entire exploratory activity program resulted in the discovery of 70 new deposits and six fields. A record-breaking 4,196 thousand barrels of liquids were produced every day, and 250 million tons of hydrocarbon reserves were added as a result of successful exploration efforts. Among public oil companies globally, the best level of lifting costs per unit was sustained at $4.3/bbl. The growth of our company’s gas market presence was accompanied by a more than twofold increase in gas production. Based on the reporting period’s statistics, LLP, Batys Oil Group is currently Kazakhstan’s third-largest gas producer.