Karachaganak Petroleum Operating B.V. (KPO) is a joint venture between Royal Dutch Shell (29.25%), Eni (29.25%), Chevron (18%), LUKOIL (13.5%) and KazMunaiGas (10%). KPO oversees the expansion and development of the Karachaganak field – one of the world’s largest oil and gas condensate fields. Located in northwest Kazakhstan it covers an area of over 280 square kilometres and holds estimated hydrocarbons initially in place (HIIP) of 9 billion barrels of condensate and 48 trillion cubic feet (tcf) of gas, with estimated gross reserves of over 2.4 billion barrels of condensate and 16 tcf of gas. Since signing the Final Production Sharing Agreement 1997, KPO’s Partners have invested around $21.4 billion into developing of the field and applying industry leading technology aimed at maximizing sustainable economic value. This is being implemented in accordance with the highest RoK and international safety and environmental protection standards. KPO fully supports initiative of the Republic of Kazakhstan regarding transition to “a green economy”. In Q2 2016, the gas utilisation rate at Karachaganak reached 99.81%, which is a world-class achievement. Overall, KPO’s investments into environmental activities have exceeded $315 million. KPO is one of the first companies in Kazakhstan to successfully introduce a Local Content Development Programme. More than 3,800 Kazakhstani suppliers are currently registered in KPO vendor database. Overall, the total value of goods, works and services supplied by Kazakhstani companies has exceeded $5.5 billion. As the largest employer in the WKO region, KPO is fulfilling its obligations towards provision of long-term local jobs with competitive salaries. While delivering on its operation commitments, KPO as a responsible corporate citizen works towards ensuring sustainable development whilst generating maximum social and economic benefits from the Karachaganak field for the Republic of Kazakhstan and local communities.

Website: http://www.kpo.kz

Employees: 2840

HQ: +7 763 222 2103

Location: Aksai, Burlin Reg, Ka

Revenue: $609.4 million

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Karachaganak Petroleum Operating B.V. (KPO) is a leading energy company that operates the Karachaganak field, one of the world's largest oil and gas condensate fields, located in northwest Kazakhstan. The company is a joint venture between Royal Dutch Shell, Eni, Chevron, LUKOIL, and KazMunaiGas, and has invested over $21.4 billion in the field's development since 1997. KPO's operations are focused on maximizing sustainable economic value while adhering to the highest safety and environmental protection standards. The company has achieved impressive results in terms of gas utilization, with a rate of 99.81% in Q2 2016, and has invested over $315 million in environmental activities. KPO is also committed to supporting local content development and has registered over 3,800 Kazakhstani suppliers in its vendor database. The company is the largest employer in the region and provides long-term local jobs with competitive salaries. KPO's commitment to sustain

Karachaganak Petroleum Operating B.V. (KPO) is a company that manages the development and growth of the Karachaganak field, which is one of the biggest oil and gas fields in the world. The company is owned by Royal Dutch Shell, Eni, Chevron, LUKOIL, and KazMunaiGas. KPO makes sure that the field is developed and run in a way that is safe and good for the environment. They have invested a lot of money into the field and have achieved a high rate of gas utilization. They also work with local suppliers and provide jobs for people in the area. KPO wants to make sure that the field is used in a way that benefits the Republic of Kazakhstan and the local communities.