Oil production in the first 4 months of 2019 amounted to 29.5 million tons
Zhetybay is a major oil and gas field located 75 km of Mangistau Region of the Republic of Kazakhstan.
5B+ bbl
Total reserves for the basin
13.4M bbl
Company reserves (doubled since Dec 2023)
29.5M tons
Oil production (first 4 months 2019)
Substantial increases in oil reserves bolster the energy sector, with the company assets doubling and seeing major gains.
Kortazh LLP is a Kazakhstani oil field management firm. The Company is dedicated to sustaining production levels that allow it to strike a balance between the upstream sector's rationalization of mineral resources and financial effectiveness. While preserving levels of mature field production.
Kor-Tazh LLP is an important supplier of oil and gas to the global market, and almost all oil and gas produced on the Kazakhstan shelf is exported. Company and government revenues from the sale of oil and gas have played a crucial role in creating the modern Kazakhstan society.
Oil Reserve
Kor-Tazh LLP discovered hydrocarbon resources in Zhetybay field
Our facilities are one of a kind, built with state-of-the-art technology. It has become a hub for further oil and gas infrastructure development on the region. Since its inception, the block has supplied nearly 2.8 trillion cubic feet of natural gas and about 33 million barrels of crude oil to consumers in the country. This has substituted over US$ 40 billion of energy imports – saving precious foreign exchange for Kazakhstan.
Meanwhile, the company have doubled since December 2023, reaching 13.4 million barrels.