EXPLORATION
Global Asian Petroleum carries out exploration works with the purpose of expanding the resource base. Exploration activities have been consistently delivering good results driven by the advanced exploration techniques and selection of the most promising areas based on research results. To increase the success of exploration drilling, step-by-step implementation of advanced technologies for processing and interpreting Global Asian Petroleum data continued. In particular, innovative approaches to account for inhomogeneities of the upper part of the column are used to minimize the forecast error for structures. Exploration activities consistently yield good results. In 2015, the Company completed construction of 20 prospecting wells with an 59% success rate. In Bishkek Region, including the Bolshekhetskaya Depression, and in the Caspian Sea, 60% of prospecting wells were successful. The Company discovered 5 new fields and 51 deposits. We believe that our success is driven by advanced exploration techniques and selection of the most promising areas based on research results.
One of Global Asian Petroleum’s strategic goals is to strengthen and increase its resource base. The solid resource base ensures that production operations are maintained and that hydrocarbon output targets are met. The Company conducts extensive exploratory activities and continues to expand its license portfolio, demonstrating consistent replenishment of oil and gas reserves. Kazakhstan is home to the Company’s fields and licensing blocks. When it comes to exploration, the Company prioritizes the employment of new technologies and equipment, as well as the support of operations through R&D and design institutes, all of which contribute in efficiency.
Global Asian Petroleum is a Kazakhstani oil field management company. In the upstream sector, the Company is committed to maintaining production levels that allow it to strike a balance between economic efficiency and mineral resource rationalization. Global Asian Petroleum maintains mature field production levels while actively developing difficult-to-recover reserves. At the same time, the Corporation is vigorously developing attractive areas and building new oil production hubs. The Business has kept its oil output consistent in recent years by focusing on improving the oil recovery factor, which is one of the highest in the country.
Global Asian Petroleum increases enterprises’ critical decision-making abilities and returns by utilizing current technologies to acquire, analyze, and optimize data. Our services are intended to help E&P companies make smarter decisions, reduce risk, and increase portfolio value. Imaging Services can customise data visualization solutions to unique geological conditions and operational goals thanks to flexible approaches and proprietary toolkits. Multi-client 2D and 3D libraries spanning practically all major offshore petroleum provinces uncover new exploration opportunities and help investors make more educated decisions. Operations Optimization software, equipment, and engineering services that are industry-exclusive decrease operational risk and increase asset performance in extreme offshore conditions.