Exploration
The upstream segment of the oil and gas industry contains exploration activities; Development of advanced technologies and innovative solutions will assist the company to achieve its goals.
Which include creating geological surveys and obtaining land rights, and production activities, which include onshore and offshore drilling.
Crude oil is categorized using two qualities: Density and sulfur content.
Density is measured by API gravity, and ranges from light (high API gravity/low density) to heavy (low API gravity/high density).
Sulfur content ranges from sweet (low sulfur content) to sour (high sulfur content).
Licensed Geological Exploration
Modeling methods for field seismic surveys have been introduced, allowing the company to procure optimal surveillance systems for projects in the Western region of Atyrau and West of Republic of Kazakhstan
The company uses an industry-unique seismic data analogs recording system, the use of 3D winter tests of this system helps us to maximize field projects. The results exceeded our expectations – geological information contents productivity was increased significantly, and the possibility of working in remote areas was demonstrated.
It is developing methods for increasing the efficiency of success for exploratory drilling, using advanced technologies for processing and interpretation of seismic data. In particular, innovative approaches have been used to take into account the upper part of the section to minimize the forecast error of structures.
Light and sweet crude oil is usually priced higher, and therefore more sought-after, because it is easier to refine to make gasoline than heavy and sour crude oil. Oil volume is measured in barrels (bbl), which equals 42 gallons.
In accordance with ABS-МҰНАЙ, ТОО’s strategy approved by the management, the key objectives of the company’s exploration and drilling program are defined by ensuring replenishment of liquid hydrocarbon reserves and achieving exploration success by 95% within the next 10 years.
Natural gas is found in both associated formations, meaning it is formed and produced with oil, and non-associated reservoirs. Gas can either be dry (pure methane), or wet (exists with other hydrocarbons like butane). Although wet gas must be treated to remove the other hydrocarbons and other condensates before it can be transported, it can increase producers’ revenues because they can sell those removed products.
The advent of shale gas in the United States is one of the biggest breakthroughs in the history of the energy industry. Prior to its development, the United States was viewed as a growing natural gas importer. But, production from shale gas has catapulted the United States into being the world’s largest producer of natural gas and a fast-growing exporter. The two primary technological advances that made production from shale and other tight formations economically possible were horizontal drilling and hydraulic fracturing.