Services
To increase the success of exploration drilling, step-by-step implementation of advanced technologies for processing and interpreting seismic data continued.
Production And Services
GEOSYSTEMS – XXI, TOO carries out exploration works with the purpose of expanding the resource base. Exploration activities have been consistently delivering good results driven by the advanced exploration techniques and selection of the most promising areas based on research results. In particular, innovative approaches to account for inhomogeneities of the upper part of the column are used to minimize the forecast error for structures. At the design stage, finite-difference modeling of the wave field is carried out to select the optimal parameters of the seismic survey.
Production and Development
Development drilling is the main production support driver, which provides more than 8% from the Company oil and condensate production. GEOSYSTEMS – XXI, TOO is focused on high-tech well construction – 2.9 thousand new wells were commissioned in 2019 and 57% of them had horizontal completion. 986 new horizontal wells with multi stage fracturing were commissioned; their share grew up to 34%. Unit production per horizontal well in the first production year grew by 11% compared to 2018 and made about 9 Kt per well, which is 2.4 times higher than the directional wells indicator. Advanced planning, drilling and development technologies secured 44.8 tpd average annual flowrate at new wells and 2019 incremental production reached 19.6 mln tons. Along with the new zones drilling, the Company also performs infill drilling in order to increase reserves recovery efficiency by development system transformation and further elaboration.
Priority In Production and Exporting
GEOSYSTEMS – XXI, TOO actively exports crude oil, petroleum products and other petroleum products to the Middle East, Asia, Europe and North America.
In 2018, we exported oil for a total of 21.34 million tons, which is 17.4% more than in the previous year. Geographic diversification of supplies is our strategic priority in oil exports. In 2020, we managed to expand our export stock by supplying energy resources to the countries of North Africa.
GEOSYSTEMS – XXI, TOO Company managed to make a solid contribution to a new Kazakhstan oil production record (560.3 mln tons) by the achievement of the 2019 planned production volume. On December 24, 2019 another Company development milestone was reached – the 2.5th billion ton of liquids was produced. In 2019 liquids production made 4.67 mln bpd (230.2 mtpa, 81% from the total hydrocarbons production).
Marketing And Wholesale
GEOSYSTEMS – XXI, TOO involve in sales of gas and oil products in the domestic and international markets, optimally distributing flows depending on the market conditions. The commodity balance reflects the main commodity flows for oil (production, processing, purchases and sales) and refined products of oil and gas (production at own refineries and GPP and third-party refineries, sales, purchases for sale, excluding purchases for processing and excluding the volume of petroleum products for processing) and petrochemicals (production and sales) of the Group, excluding dependent companies, own consumption for fuel and operational and the sums of outgoing and incoming streams may differ due to rounding. At GEOSYSTEMS – XXI, TOO, we also known as Downstream, encompasses companies engaged at manufacturing, refining and marketing petroleum products. Refine chemically process, transport and sell refined products made from crude oil. Essentially, refining operations transform crude oil into functional products such as gasoline, fuel oils, and petroleum-based products; with the majority involving transportation fuels.
