CNPC-Aktobemunaygaz: a Symbol of Chinese-Kazakh co-operation
CNPC-Aktobemunaigaz is celebrating the decade of independence with all the Kazakh people, and wishes prosperity to our young sovereign Republic.
Wang Dongjin, General director of JSC «CNPC International Aktobe Petroleum»
The Chinese National Petroleum Corporation (CNPC) has been active as an investor in Kazakhstan since 4 June 1997, when an agreement was signed with the Kazakh government on the purchase of shares in the CNPC-Aktobemunaigaz joint stock company. The four years of co-operation have proved to be very fruitful and lucrative for both parties.
In 2000, CNPC-Aktobemunaigaz achieved the best performance in the company’s history, including a crude oil output of 2,589,000 tonnes and net profit of 12.833 billion tenge. The company paid taxes to a total of 10.529 billion tenge.
The year 2001 has been marked by unprecedented capital investments and production growth. The company has improved the organisation of its oil production and marketing. The pace of drilling, commissioning and the development of new wells has been accelerated. More old wells have undergone overhauls. These measures have allowed the oil yield to be boosted to 2,048,000 tonnes over 8 months. By 30 August, daily output reached 10,053 tonnes (a 35% increase over the beginning of the year). As compared to the same period of the previous year, oil production has grown by 341,000 tonnes (20%). During the first 8 months of the current year, the company produced a total of 557 million cubic metres of gas, which exceeds the 2000 level by 111 million cubic metres, or 25.1%. Fifteen new wells have been launched, with an average rating of 61.3 tonnes, which exceeds the design capacity. For example, the rating of well #2399, which was commissioned in May, is 240 tonnes; this is the best result in the history of the Zhanazhol field.
Having reviewed the performance of the 1st half year and its potential, CNPC-Aktobemunaigaz have decided to raise the production plan for 2001 from 3 million to 3.2 million tonnes.
A development programme and plan for 2001 have been worked out to ensure sustained production growth. It is planned to achieve an annual increment in oil output of 1 million tonnes based on existing reserves. CNPC-Aktobemunaigaz will also bid for new contracts and raise the production in new fields to 3 million tonnes. Through the acquisition of new blocks, the company will strive to achieve a total output of 10 million tonnes by the end of 2005.
This year was also marked by the construction of new facilities, intended to boost production capacity. Reconstruction of the Zhanazhol gas processing plant has been completed and the construction of a similar facility begun. The gaslift method of production and hydraulic seam fracture technique have been introduced. This year, water pumping plants will be built, 45 new wells drilled, and electricity networks in existing facilities will be reconstructed.
Each year, CNPC-Aktobemunaigaz provides financial support to the social infrastructure and the agricultural development of the region. The company supports education and culture in the oblast through a specially created Education Foundation, and provides the local population with cheap gas from Zhanazhol.
Under the Memorandum of Co-operation between the oblast government and CNPC-Aktobemunaigaz, greenhouses have been constructed and a number of import-substitution programmes initiated.
CNPC-Aktobemunaigaz increases its allocations for road repair and construction in the oblast every year; in 2001, 131 million tenge will be spent on this.
CNPC-Aktobemunaigaz is committed to continually improving its performance, increasing the income of its employees and creating new jobs. The company’s goals are to contribute to the prosperity of Kazakh society and operate in an environmentally friendly manner.
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