BAKU, Azerbaijan, July 23. KazMunayGas
subsidiary Ozenmunaigas is expected to maintain sustainable oil
production at 5.9 million tons annually by 2030, the KMG said.
The target was discussed during a working meeting at
Ozenmunaigas chaired by KazMunayGas Chairman Askhat Khassenov as
part of his visit to the Mangystau region. The meeting focused on
the implementation of the company's long-term development
strategy.
According to KazMunayGas, the strategy includes measures to
expand the resource base, increase the oil recovery factor, and
ensure stable production through 2030.
Particular attention was given to the rehabilitation program for
mature oil fields, improvements to waterflood management across 157
production zones, and the development of an integrated reservoir
simulation model for the Uzen and Karamandybas fields.
"One of the key priorities is replenishing the resource base,
including through the drilling of two appraisal wells at depths
exceeding 3,000 meters. The company expects these activities to add
more than 500,000 tons of oil resources," KazMunayGas said.
The strategy also provides for the introduction of enhanced oil
recovery technologies, expanded scientific and technical support
for field development, and additional research, including
geochemical analysis of produced water to improve reservoir
performance.
KazMunayGas said Ozenmunaigas is also accelerating the digital
transformation of its operations during Kazakhstan's Year of
Digitalization and Artificial Intelligence. AI agents based on the
ABAI intelligent system are being introduced to support engineering
decisions, improve geological and technical operations, and
optimize field development.
Meanwhile, a separate meeting at Mangistaumunaigas reviewed the
company's long-term development strategy.
The discussions focused on expanding the resource base,
including the development of satellite fields with combined
geological reserves exceeding 20 million tons. The strategy through
2032 includes 3D seismic surveys at six satellite fields, appraisal
drilling, the development of updated geological models, expansion
of mining allotments at the Kalamkas, Zhetybay and South Zhetybay
fields, as well as exploration of deep Triassic-Paleozoic horizons
and new prospective areas in the South Mangyshlak and
Ustyurt-Buzachi oil and gas basins.
KazMunayGas added that the ABAI artificial intelligence system
will also be used at Mangistaumunaigas to assess drilling
prospects, select geological and technical measures, and improve
field development efficiency.
Following the meetings, Khassenov instructed the management of
both companies to ensure the implementation of strategic
initiatives aimed at expanding the resource base and accelerating
the digital transformation of production processes, while also
improving employees' working and social conditions.
