Ushkuyu

company profile

In terms of vertical integration, JSC Ushkuyu is the largest oil and gas company in Kazakhstan. Throughout the whole production cycle, from hydrocarbon discovery and production to transportation, processing, and maintenance, JSC Ushkuyu is in charge of asset management.

100

Countries

135

Million dollars revenue generated

3

Million barrels of crude oil and products traded daily

1000

Hired employees

What We Do

Our Services

Transportation

Because Kazakhstan is mostly a landlocked country, greater export production need improved transportation infrastructure. Fortunately, this infrastructure has improved significantly in recent years. JSC Ushkuyu has consistent access to pipeline infrastructure thanks to its strong relationship with the parent business.

Exploration

JSC Ushkuyu has privileged access to exploration acreage as a result of its connections with the Kazakh government and the parent company. The Company has pre-emption rights to buy current oil and gas assets that are being offered for sale as well as access to new territories that have been gained through direct negotiations with the government.

Oil Reserves

In terms of proved hydrocarbon reserves, the Company maintained its lead among Kazakhstan’s major oil companies in 2018 and accomplished its strategic targets. According to SEC categorization, JSC Ushkuyu had proven HC reserves of 421 million boe (278 million toe) as of December 31, 2019.

Production

The two types of JSC Ushkuyu’s core generating assets are as follows: JSC Ushkuyu produced 66.2 percent of the company’s total 2016 crude oil output and held 70.6 percent of JSC Ushkuyu’s oil reserves (as of December 31, 2016).

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About Ushkuyu
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Today’s global economy requires commodities and energy solutions developed and built for the future

JSC Ushkuyu, a Level 2 BBBEE contributor, uses its presence in Kazakhstan to serve markets all over the world. The world’s future solutions for commodities and energy can be found here through innovation and high-quality performance. The future is supplied by JSC Ushkuyu. And we make it our goal to act appropriately in doing so.

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