Kazakhstan Highlights of Operations (2024)

The Karachaganak Field in northwest Kazakhstan is one of the world's largest oil and gas condensate reserves. The field is estimated to contain approximately 60 trillion cubic feet of gas and 13 billion barrels of oil and condensate in place. Chevron has an 18% non-operated working interest in the Karachaganak Petroleum Operating (KPO) joint venture – the largest gas producing venture in Kazakhstan which oversees the expansion and development of the Karachaganak field.

In 2020, the CPC pipeline transported 10.8 million tonnes (85.8 million barrels) of oil from Karachaganak to the port of Novorossiysk on the Black Sea. Product was further transported via the Atyrau-Samara pipeline to the Transneft system for shipment to the port of Ust-Luga on the Baltic Sea.

In 2022, KPO produced 128.53 million barrels of oil equivalent in the form of stable and unstable liquids, sour gas for export and sweet gas for use as fuel. In addition, 10,361.740 Mscm of gas were reinjected into the reservoir, a volume equivalent to approximately 51.3% of the total gas produced.

More than 5,000 Kazakhstani vendors are registered to supply the project, and since 1997 the local content level in all contracts assigned has exceeded $8.58 billion.

Approximately 4,000 people work in Karachaganak Petroleum Operating, with local employees occupying 97% of the venture’s skilled, clerical and professional roles.

Between 1998 and 2021, KPO spent $439 million on social infrastructure projects in West Kazakhstan.

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