1、Project Overview
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As the operator, KoZhaN LLP enjoys the 100% rights and interests to the 3 exploration blocks of Pre-Caspian basin, most of which has transferred into the production stage in 2015 through the implementation of exploration in recent years.
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Project asset includes several oil fields of Pre-Caspian basin which are now in the exploration and development stage. The main reservoir of Morskoe basin covers a structure area of 27 square kilometers. Dauletaly has the exploration right area of 135 square kilometers and the Karatal trap area of 6.9 square kilometers.
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Owning 41 wells (30 in production), the block’s average daily production is nearly 3000 barrels and cumulative production 4.64 million barrels. In the first half of 2014, the output is high up to 500 tons (3500 barrels per day), which is equivalent to the annual output of 150,000 tons crude oil (1.05 million barrels per year). Due to the rising of production capacity, it is expected to peak in 2017-2018 with the production of 0.6-0.7 million tons per year.
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2、Investment highlights
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Workable recoverable reserves, perfect ground facilities. Entered into the development stage, three contracts can directly contribute the stable production and cash flow to the company after the completion of the delivery.
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Favorable geological conditions, expectable exploration potential. KoZhaN LLP asset is located on the edge of Pre-Caspian basin and northeastern Caspian sea, where is the favorable oil and gas distribution area. Clastic rock reservoir is of better property including porosity of about 30%, oil saturation 70% and porosity 700-1000MD. With the deepening of exploration, both the understanding of reservoir distribution and the reserve scale are gradually promoted.
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Beneficial transportation locational conditions. The transportation at Dauletaly block is very convenient, where has the oil pipeline connection and is close to the planned pipeline. Moreover, the block is near the Marten project which is beneficial to the coordinated management and unified planning of the exploration and development plan.
