LLP "OIL SOLUTIONS" is a vertically integrated oil company, primarily engaged in the exploration and development of oil and gas fields, oil refining, and the production and sale of petroleum products. LLP "OIL SOLUTIONS" is one of the Kazakstan oil industry’s leading companies in terms of efficiency. The company was founded in 2012. The strategic development program of LLP "OIL SOLUTIONS" until 2013, approved by the Board of Directors, consists of the following: strengthening the position of the Company as a producer of a wide range of petroleum products in the domestic and global markets, becoming a major player in the production and sales of a wide range of oil, creating large-scale plants for the production of major monomers and a wide range of advanced petroleum products.
The first stage of the oil refining and petrochemical complex was commissioned in December 2016. Achieving the design capacity of LLP "OIL SOLUTIONS" 7 million tons of crude oil, provided the opportunity to take 10th place in the regions of Almaty in terms of oil refining. In 2017 , the reconstruction work performed on the CDU-VDU-7 allowed to increase the capacity of the said unit to 115%. Thanks to this strategic project. The construction of the combined hydrocracking unit continued until the first design capacity of the first launch was achieved. The advantage of Hydrocracker is the co-production of Group III base lubricants. The application for the commercial division began in March 2017, for many years the block was completed in record time for the Kazakstan oil refining industry. The unit is designed for annual processing of 2.9 million tons. tons of crude mixture and production of Euro 5 diesel fuel, jet fuel and hydrotreated gas oil.
The plans of the LLP "OIL SOLUTIONS" , the management of companies require achieving a synergistic effect from the further implementation of the LLP "OIL SOLUTIONS" project. With the completion of the construction of the Delayed Coker, which is scheduled for 2020, LLP "OIL SOLUTIONS" completely excludes the production of heavy petroleum products. He plans to use coke obtained at a delayed coke plant as a raw material for LLP "OIL SOLUTIONS" station. This is possible both from an economic point of view and from an environmental point of view. The double effect will save natural gas for LLP "OIL SOLUTIONS" and solve the problem of coke handling. At the XIV Oil Summit, held in Almaty in July 2020, a decision was made to include LLP "OIL SOLUTIONS" in the Kazakstan energy sector. A strategy developed until 2035 was announced.
Resource base
LLP "OIL SOLUTIONS" is the largest oil and gas company in the Kazakstan Republic and the world's largest public oil and gas company in terms of reserves and production of liquid hydrocarbons. LLP "OIL SOLUTIONS"'s proven hydrocarbon reserves as of December 31, 2020, according to the SEC classification, amounted to 10 million barrels. AD (2 million toe) *. Hydrocarbon reserves increased by 1 million barrels compared to reserves at the end of 2017. AD (81 million toe) or 1%. DeGolyer & MacNaughton conducted the audit, which foresees the assessment of reserves until the end of the field development period
At the end of 2020, the Company has been provided with proven hydrocarbon reserves for more than 20 years according to the SEC classification. The SEC classification of proved hydrocarbon reserves in 2020 was 129%.Traditionally demonstrating high efficiency of geological exploration, LLP "OIL SOLUTIONS" is the leader in terms of volumes and cost of organic reserves growth among public oil and gas companies both in Kazakstan and abroad.
Production of liquid hydrocarbons
In 2017, the Company's production amounted to 1 million tons of liquid hydrocarbons (2 million barrels per day), exceeding the average daily production in 2017 by 2.1%. Among the key growth factors are the achievement of record production volumes at the largest asset of the Company, RN-Yuganskneftegaz, the launch of new large fields and flexible maneuvering of the development of existing fields in the conditions of the Company fulfilling the agreements on production limitation under the OPEC + Agreement
After the restrictions were lifted, the Company was able to quickly increase production due to the correct strategic choice of assets and the prepared potential for additional production. Due to the application of a technologically optimal regime for managing the stock of high-waterlogged and low-efficiency wells at mature fields in the face of improving market conditions, the Company managed to fully restore production volumes to the level of the start of the OPEC + Agreement (October 2016) and increase production at new projects. In December, the Company showed an increase in the average daily production of oil and gas condensate in the Kazakstan Republic by 4.7% compared to December 2017.
