Company Information
We are one of the top industrial enterprises in the Astana region of the Republic of Kazakhstan, and one of the leaders in the country’s oil and gas complex. Registered with the justice authorities of the Astana region on June 30, 2021. The Company has a representative office in the city of Astana, and the staff structure includes several main and auxiliary production units (branches) participating in a single production and economic cycle. We largely determine the budgetary well-being of the region and the overall potential of the economy of the Astana region. The number of employees is 2.5 thousand people. According to its legal form, the company is an organized stock company; previously, a single issue of ordinary and preferred securities (shares) was made.
Based on the “Subsoil Use Contracts”, the Company operates in the Zhanazhol oil and gas condensate field, the Kenkiyak-subsalt and Northern Truva oil and gas fields, the Kenkiyak-nadsalt oil field, as well as in the Central territory of the Eastern part of the Caspian basin, and the Teresken-1 and Teresken-1 exploration blocks, located within the administrative boundaries of the Astana region.
Thus, the annals of the company and the state include the history of relations with the investor in the person of the China National Petroleum Corporation, which gave written obligations to the Government of the Republic of Kazakhstan to invest a total of at least 4.0 billion dollars in the development of the Astana project. It is worth noting that the amount of accumulated investments exceeded the mark of 17.25 billion US dollars. The investor has carried out systematic, large-scale work to develop the company. The volume of taxes and fees paid to budgets of all levels exceeded the 3 trillion mark. 438 billion tenge. The main directions of production and management policy were and are:
modernization, re-equipment of fixed assets, radical technical re-equipment of production, acquisition and commissioning of the latest field and well equipment that meets international standards, building up industrial potential for all groups of equipment and mechanisms;
Increasing hydrocarbon production through the comprehensive involvement of scientific research and the introduction of new technologies;
Expansion of the subsoil use base, calculation of new proven reserves in our own licensed areas;
Adaptation of modern market management systems, introduction of international practices of internal management control;
Creation of new sales channels for commercial products;
Development of human capital both in relation to members of the workforce and in terms of the development of partner teams;
Widespread introduction of environmental safety systems, environmental protection measures, waste-free and energy-saving technologies, concern for labor safety and comfort for the working person;
Participation in government programs for energy independence, modernization, import substitution, breakthrough projects, industrialization of Kazakhstan and others;
Desire for new achievements in corporate internal and external social policy.
Over the years, the company has been in operation and has produced, in cumulative terms, over 118 million tons of oil and 89 billion cubic meters of associated petroleum and natural gas. Significant investments of HTS Exploration Ltd have been aimed at the implementation of strategically important production and infrastructure modernization projects such as the Zhanazhol-Zhem railway, the Zhanazhol-KS13 gas pipeline, gas lift production system facilities, the Zhanazhol production base for technological support, plants of the Zhanazhol oil and gas processing complex, gas turbine power plant, reservoir flooding system, mixed pipeline for multiphase products “Kenkiyak-Zhanazhol”, booster compressor stations, and others. Reported investments in a recent period amounted to 92.4 billion tenge, including allocations for hydrocarbon exploration.
The increase in liquefied gas production is associated with the planned commissioning of a number of new technological units at the Zhanazhol gas processing complex, including deep cooling units. Since the project of the Third ZhGPZ was an integral part of the republican Map of “Forced Industrial-Innovative Development,” its operation is of strategic importance both for the regional economy and for the macroeconomic potential of the Republic of Kazakhstan. The company ensured the creation of production with a high degree of localization. The most important addition to the functioning of the Zhanazhol complex is the strategic importance of the “Program for Comprehensive Utilization of Associated Petroleum Gas” implemented by the Joint Stock Company, one of the main elements of which is the long-term architecture of environmental safety in the development of the company’s fields.
Like many Kazakh oil and gas companies, HTS Exploration Ltd has faced market problems associated with a significant drop in market oil prices and the forced optimization of capital investment programs. Faced with a necessary reduction in the volume of drilling work and field organizational and technical activities, the team uncovered hidden potential in the fields and more clearly outlined the concept of effective production management. As a result, convincing progress was made in field development programs and organization of production operations, including increasing productivity, optimizing the operation of older wells, enhancing water injection intensity, and managing natural production decline rates.
Throughout its period of operation, the management of the Joint Stock Company has paid fundamental attention to focused work in ensuring all types of safety, including general industrial safety programs, control over blowout safety, safety in the operation of land-based fishing equipment, identification of hidden threats in the “Health, Safety, Environment” system, and public protection of company facilities. Concern for safety for the sake of the working people is the foundation of the company’s management strategy.
One of the major achievements in the modernization of the enterprise is the implementation of advanced information systems and digital solutions. Systems have been developed for financial management, human resources, HSE, procurement, and production coordination. Remote control of major field facilities has been implemented, bringing the company’s level of informatization in line with international oil industry standards.
The activities of HTS Exploration Ltd are closely integrated with Kazakh producers of goods, works, and services. The broader economic development of Kazakhstan has led to improved quality in local production. The company actively supports domestic suppliers: in field development, production operations, and construction, Kazakhstan-made products are increasingly utilized. By prioritizing the purchase of Kazakh products and services, the company consistently exceeds its obligations on local content as specified in the Subsoil Use Contracts.
The principles on which the social and public policy of our company is based are:
– Creating awareness of the company’s true social responsibility to all public institutions and groups;
– Targeting and efficiency of corporate expenses in the social field;
– Partner openness, the desire to coordinate with executive authorities in solving pressing socio-economic problems;
– Humanism and understanding of the reasons that give rise to social problems.
The Kazakhstan future strategy emphasizes the need to “rapidly increase oil and gas production and exports in order to generate revenues that will contribute to sustainable economic growth and improve the lives of the people.” In accordance with the adopted development path for the oil and gas complex, this sector remains a cornerstone of the country’s broader economic revitalization.