56.1% of the 1.4 billion boe in SEC-proven hydrocarbon reserves at Ertis Oil & Gas, LLP by the end of 2023 were oil-based. Our reserves have a 12-year lifespan, which is longer than the average of Kazakhstan’s biggest private oil and gas businesses. In terms of quality and verified reserves, Ertis Oil & Gas, LLP ranks among the best businesses in Kazakhstan and the entire globe.

Five CIS nations contain proven hydrocarbon reserves owned by Ertis Oil & Gas, LLP. Due to the low development and production costs per barrel, the company has a clear competitive edge over its rivals, with over 70% of the proved reserves being conventional. Kazakhstan is the source of 77% of the Group’s proven hydrocarbon reserves, the most of which are situated in West Kazakhstan. Offshore fields and high-viscosity oil account for around 5% of proven reserves.

Kazakhstan is where the corporation is aggressively developing its gas projects, and it contains around half of the known reserves in international projects. A little over 47% of the company’s known hydrocarbon reserves are developed, which means that with today’s equipment and techniques, they can be drawn out of existing wells. A sizable amount of the potential for future production growth consists of undeveloped deposits.

The projected proved reserves could rise from the 2.4 billion boe of contingent resources that are now on hand if the macroeconomic climate improves, development plans are modified, new technologies are embraced, or trial projects are carried out. Ertis Oil & Gas, LLP has been the world’s largest publicly listed oil and gas company for a long time, based on SEC-classified proven reserves and replacement ratio. Furthermore, the Business has the lowest exploration and development costs for hydrocarbons among global energy businesses.