Dedication across the board
Annual Report 2012

Operations Overview

Background

Zhaikmunai’s strategy hinges on the organic growth of its existing assets as well as on growth via mergers and acquisitions (M&A) and exploration in reservoirs, which have not yet been accessed. As detailed above, organic growth in the Chinarevskoye field includes expansion and monetisation of its reserve base and further development of its infrastructure in order to double production by 2016.

Value-accretive mergers and acquisitions (M&A) will, when opportune, complement the organic growth of the Chinarevskoye field. This is exemplified by the three recently acquired fields (Rostoshinksoye, Darinskoye, and Yuzhno-Gremyachinskoye), which are all located in the vicinity of the Chinarevskoye field. These fields will be appraised and developed in conjunction with the Chinarevskoye field phase III development. Zhaikmunai’s extensive exposure to deal flow in Kazakhstan and the CSI will likely open the door to such further opportunities for growth.