Home - Oil & Gas Exploration

Contact Info

Astana, Almaty district, Mustafina street, 15\1,
Kazakhstan Republic.

Phone : +7 925 802-23-23

Email : info@bm-oil-company.kz


Oil & Gas Exploration

BM Oil Company 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. To increase the success of exploration drilling, step-by-step implementation of advanced technologies for processing and interpreting BM Oil Company data continued. In particular, innovative approaches to account for inhomogeneities of the upper part of the column are used to minimize the forecast error for structures. Exploration activities consistently yield good results. The Company completed construction of 20 prospecting wells with an 59% success rate. In City of Astana and in the Caspian Sea, 60% of prospecting wells were successful. The Company discovered 5 new fields and 51 deposits. We believe that our success is driven by advanced exploration techniques and selection of the most promising areas based on research results.

The Company has unparalleled expertise in the In City of Astana operations, which allows to minimize risks associated with the development of new fields and shorten new project lead times. Proximity to export markets and own transportation infrastructure reduces the transportation expenses and improves cost efficiency of operations in the region and the Company finalized its Exploration and Development Concept for the BM Oil Company on the fields discovered.

Upstream System Process

Exploration and production of oil and gas are the central pillar of the Kulushevneft Group business. Our upstream operations cover twelve countries and are mostly concentrated in Kazakhstan, Central Asia, and the Middle East. Our key competitive advantages are:

☛ Leadership in refining efficiency, ☛ Favorable location of refineries and proximity to sales markets, ☛ Product range and high quality of products

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Downstream System Process

Developing downstream segment helps us to decrease dependence from the price volatility and strengthen competitiveness by delivering high added value products. BM Oil Company delivers a wide range of high-quality oil products, gas processing products and petrochemicals; and manages wholesale and retail sales in various countries. Our key competitive advantages are:

☛ Rich reserve base, ☛ Low production cost of conventional barrels, ☛ Vast experience in large scale projects, ☛ Technological expertise

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BM Oil Company involve in sales of gas and oil products in the domestic and international markets, optimally distributing flows depending on the market conditions. The company owns its own facilities for transshipment of oil and petroleum products, as well as its own pipelines, which allows to minimize transportation costs. 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 needs, changes in inventories and other items. The sums of outgoing and incoming streams may differ due to rounding.

Within the framework of Kazakhstann Federation on trade and economic cooperation to export oil and oil products in City of Astana (hereinafter - Agreement) and by methodology of counter oil supply of petroleum products from City of Astana to CIS countries, which is an integral part of Agreement and in accordance with the decision of the Government of City of Astana «On some issues of oil and oil products delivery" (hereinafter - Decision), the Company has been determined as operator on counter oil sales and supplies to CIS countries within and outside Kazakhstann Federation. In order to execute Resolution, the Company sold large tons/barrels of crude oil.

Our sales Group marketers are great in approaching clients and produces lubricants at seven own sites, two joint ventures, and 25 contracted plants. Kazakhstann assets comprise full cycle production facilities the Refinery, a oil and fuel blending plant, and joint venture producing lubricants in BM Oil Company’s overseas production assets include own plants in joint venture producing additives.