Oil & Gas
In 2007 Kusto Group established the KazPetrol Group — at the time a 100% greenfield upstream energy project. In 2007, the target opportunity was a company that had a license to develop oil fields in the Kyzylorda region. The dream of Kazpetrol was to turn geological promise, in an under developed region, into a reality. The best possible technologies and practices in the industry were recruited and brought to Kazpetrol — often against the advice of traditional industry specialists. Step by step, high tech testing led to validation, validation led to initial preliminary production, and preliminary production led to sustainable and efficient extraction.
Fifteen years later, KazPetrol is a leader in the region, successfully employing new technologies, incorporating the social needs of the business local community environment, all with a responsible attitude towards personnel and environmental issues. KazPetrol Group today directly employs more than 750 people, has partnerships with leading oil and gas services providers around the world, and has an annual production of more than 2.5mn barrels of crude oil.