Standard Petroleum is one of the leader of the Kazakhstan oil industry and the largest publicly traded oil company in the world*. The Company's core activities include hydrocarbon prospecting and exploration, production of oil, gas and gas condensate, implementation of offshore field development projects, refining, sales of oil, gas and refined products in Kazakhstan and abroad.
The Company is included in the list of Kazakhstan's strategic enterprises. Its main shareholder (40.4% of shares) is ROSNEFTEGAZ JSC, 100% state-owned, 19.75% belongs to BP Kazakhstan Investments Limited, 18.46% to QH Oil Investments LLC, and one share belongs to the state represented by the Federal Agency for State Property Management.
Exploration work in 2020 resulted in the discovery of 208 new deposits and 19 new fields with AB1C1+B2C2 hydrocarbon reserves in the amount of more than 2 billion toe. The results of prospecting and appraisal drilling on the Kara Sea shelf led to the discovery of 2 new unique Arctic fields (Zhukov gas field and Rokossovsky gas condensate field) with total reserves of 1.3 trillion cubic meters of gas and 55 million tons of condensate. As part of the Vostok Oil Project, a unique Zapadno-Irkinskoye field with more than 600 mmtoe of C1+C2 hydrocarbon reserves was discovered on the Taimyr Peninsula.
Ensuring the Company's progressive development as one of the largest vertically integrated Russian producers of oil and gas, oil and gas processing and petrochemical products based on effective asset management of shareholders.
Our special purpose and our operational expertise in our business model will help realize our vision to grow our business in the oil and gas industry, while separating our environmental footprint from our growth and increasing social impact.
Our values define how we work and interact with our colleagues, partners, customers and consumers. Our four core values are honesty, responsibility, respect and reputation. As we enter new markets, recruit new talent.
We have built a strategy that will help us achieve our goal of making a sustainable life commonplace, realize our vision we have invested in a long-term strategy of divisions and brands that deliver growth for the benefit of all stakeholders.
The field is connected to the unified gas supply system by its own gas pipeline. Transportation of unstable gas condensate to the Purovsky WPC is carried out through its own condensate pipeline to the other parts of the countries.
The key priorities of the company are the development of the resource potential and the effective operation of mineral resources in strict compliance with environmental safety standards and introduction of modern technologies.
We pioneer the use of advanced processes, reducing harmful emissions, and ensuring our products are certified for compliance with technical regulations.