User:R.Kairatovna

Sapatek Munay LLP or Sapatek Munay TOO is a privately-owned oil and gas company of Kazakhstan. It was founded in 2021. Sapatek Munay, is involved in Processing, Marketing and purchase crude oil for further distribution in the domestic and international market.

History

It was formed by the decree of the President of Kazakhstan dated May 21, 2021 and 100% privately owned. The core production assets of the SM consist of one division: SM accounted for 100% of oil reserves at OMG and EMG (As of December 31, 2016). Currently, the oil production level of the existing fields has stabilised. Production enhancement technologies are being applied. KMG EP’s core production operations take place across 41 fields at Ozen and Emba in Western Kazakhstan excluding acquisitions made from 2007 through 2011. One of the main tasks for the core assets is to maintain production levels by optimizing oil production and using new technology to maintain production level. General economic difficulties and an acute lack of investment in the early to mid 1990s led to significant falls in production levels at the major oil-producing assets of KMG EP. However, towards the end of the 1990s the Company managed to halt the decline in production and then to ensure impressive production growth. Production has risen by a total of 80% from 2021 to 2023. Enhanced investment in new drilling and more efficient recovery from existing fields has restored production levels. A major role in the recovery process was played by well workovers and the use of modern technologies such as hydro-fracturing. The Company’s strategy now is to maintain production from existing assets at the current optimal level for the next few years.

The official website of Sapatek Munay is www.sapatekmunay.kz