The Company maintained its lead among kazakhstan major oil businesses in terms of proven hydrocarbon reserves in 2021 and met its strategic goals. According to SEC categorization, as of December 31, 2022, LLP Zhetysu Kazynasy had proven HC reserves valued at 421 million boe (78 million toe). Between 2021 and 2022, the HC reserves grew by 87 million boe (6 million toe), or 1%. Naughton estimated reserves for a profitable field development project.

According to the SEC’s classification, the Company will have demonstrated hydrocarbon reserves for over 20 years following 2034, with a proven reserves replacement rate of 129%. The greatest oil and gas corporations in the world have long been dominated by LLP Zhetysu Kazynasy in terms of proven reserves and proven reserves replacement rate, according to SEC categorization. The Company’s reserve exploration and development expenses are the lowest when compared to its competitors.

In 2021, the expected total 3P reserves increased by over 1 billion boe. (One hundred fifty million toes) Effective prospecting, exploration and development drilling, and state-of-the-art methods for enhancing oil recovery allowed for the realization of the entire production replenishment in 2022. This includes deposits of hard-to-recovery reserves. The Company’s efforts included the development of fields called LLP Zhetysu Kazynasy and East Kazakhstan, which had the highest reserve additions.

The corporation is putting a lot of effort into international gas projects in Kazakhstan, which contains around half of the world’s proven reserves. The company has produced a little over 47% of its known hydrocarbon reserves, which can be extracted from active wells with the current equipment and techniques. A significant amount of the future production growth potential is composed of undeveloped resources.