BAKU, Azerbaijan, Feb. 25
By Nargiz Sadikhova - Trend:
Karachaganak Petroleum Operating B.V. (KPO) continues to conduct full-scale monitoring of environmental components, including air, surface water, subsurface water and soil monitoring, as well as emissions monitoring (air emissions, waste water discharges), Trend reports citing the company.
Particular focus is paid to the introduction of "green" technologies, waste management and measures aimed at reduction of air emissions. Since 1998, KPO has invested $432 million into various environmental activities. KPO has achieved gas utilisation rate of 99.92 percent which is also a world class achievement. Following the results of Certification Audit, KPO's environmental and energy management systems were recognized as effective and maintained in compliance with international standards ISO 14001: 2015 and ISO 50001:2018.
Health and safety of employees and the local community continues to be one of the key priorities for KPO. During the existing tough conditions, KPO intends to preserve jobs and to maintain safe working conditions for both company and contractor personnel.
In 2020, Kazakhstan employees accounted for 97 percent of professional staff / qualified workers, and 83 percent of the “management” category. Overall, since signing the FPSA, more than $227 million has been invested in the training and development of national personnel.
KPO has been actively contributing to the involvement of Kazakh suppliers and manufacturers of goods in the development of the Karachaganak field. Intensive work towards implementation of this program has already yielded tangible results. In 2020, the share of Local content in KPO contracts for the supply of goods, work and services accounted for 59 percent.
Meanwhile, over the last few years KPO has made significant changes in the nature of procurement of goods from simple products to complex high-technology materials and equipment.
KPO also implements its major projects aimed at developing the social infrastructure of the West Kazakhstan oblast. To date, KPO investment in the development of social infrastructure in West Kazakhstan region has totalled $427 million.
In 2020, KPO provided significant support to public health facilities of the region in its fight against COVID-19 by procuring essential equipment and materials including specialized equipment for ICUs.
The Karachaganak field, discovered in 1979, is one of the world’s largest gas and condensate fields. Located in north-west Kazakhstan and covering an area of over 280 square kilometers, it holds estimated hydrocarbons initially in place (HIIP) of 9 billion barrels of condensate and 48 trillion cubic feet (tcf) of gas, with estimated gross reserves of over 2.4 billion barrels of condensate and 16 tcf of gas.
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