«Satpayev Operating» Limited Liability Partnership was established on January 13, 2011 with a view to implement the Contract for Exploration and Production of Hydrocarbons in «Satpayev» block, located in the Kazakhstan Sector of the Caspian Sea, concluded between the Ministry of Oil and Gas of the Republic of Kazakhstan and the Joint-Stock Company «National Company «KazMunayGas» (Contractor).
«Satpayev Operating» LLP is the Operator of «Satpayev» Project and is acting on behalf of the Contractor. The Agreement on engagement of the Operator under the Contract for Exploration and Production of Hydrocarbons in «Satpayev» block was made between JSC «NC «KMG» and «Satpayev Operating» LLP on April 11, 2011.
"Satpayev Operating" LLP is the Operator of the project " Satpayev " and acts on behalf and on behalf of NC "KazMunayGas" - 75 % of the Indian Oil Corporation and ONGC Videsh Limited (OVL) - 25 %.
The functions and responsibilities of the company.
Our main function as an operating company , is the implementation of the contract , as expressed in particular in the responsibility for the work carried out for the purpose of exploration drilling in the area , " Satpayev "
Company purposes and tasks
At this stage the main task of Satpayev Operating LLP is the preparation to exploration drilling of STPZ-1 well with target depth of 3500m.
The target purpose of well is the penetration and study of geolgical structure of Paleozoic deposits. Commencement of drilling is planned within the period from June to November 2017, total duration is 125 days.
The purpose of Company is subsequent economically efficient production of hydrocarbons which is integrally associated with new work places as well as with social contribution to the government, and thereby to make contribution to the development of our country..
Characteristics of "Satpayev" area.
Contract section "Satpayev" includes two major prospective structures - Satpayev and Satpayev East . Prospects section " Satpayev " are associated with a complex of Mesozoic and Paleozoic sediments. We are side by side with such fields as : Kalamkas -sea in the south- east ; Kashagan in the northeast ; Astrakhan gas condensate field in the west. Distance from the center portion to the beach - 90 km, to the port of Atyrau - 160 km north- east.
Target depth for the well: STPZ-1 - 3500m.
General Director of «Satpayev Operating» LLP is Orzhanov Sabyrzhan Tabynovich.