Batys Oil at a Glance
Batys Oil is a leader in the oil industry of the Republic of Kazakhstan and operates as a public oil company. The company’s primary activities encompass the search and exploration of hydrocarbon deposits, extraction of oil, gas, and gas condensate, as well as projects on the continental shelf. Additionally, Batys Oil is involved in the processing and marketing of oil, gas, and their products both within Kazakhstan and in international markets.
Geography of Business
Batys Oil is a global energy company with substantial assets in the Republic of Kazakhstan and a diversified portfolio in promising regions of the international oil and gas sector. The company has established a presence in various countries, including Venezuela, Cuba, Canada, the USA, Brazil, Norway, Germany, Italy, Mongolia, Kyrgyzstan, China, Vietnam, Ukraine, Turkmenistan, and Georgia. This strategic expansion enables Batys Oil to capitalize on opportunities in emerging markets while enhancing its global footprint in the energy industry.
Gas Production
In the context of global growth in gas production and its recognition as the greenest fossil fuel, Batys Oil is actively expanding the share of gas in its asset portfolio and hydrocarbon production, currently standing at 21%. The company is committed to gradually narrowing the gap between itself and larger international companies, which typically have gas production shares ranging from 30% to 50%. This strategic focus on increasing gas production not only aligns with global energy trends but also reinforces Batys Oil's commitment to sustainability and environmental responsibility.
Oil Production Exploitation
Batys Oil has significantly increased its gas production, establishing itself as the leader among independent gas producers in the Republic of Kazakhstan. The company achieved an impressive average daily gas production increase of 7.3%, reaching a record level of 67.1 billion cubic meters. This remarkable growth underscores Batys Oil's commitment to enhancing its operational efficiency and expanding its production capabilities within the competitive landscape of the energy sector.