Priority access to exploration acreage is granted to Standartmunai LLP by virtue of its affiliations with the parent firm and the Kazakh government. The Company has the pre-emption right to purchase existing oil and gas assets that are for sale, in addition to access to new territories that Standartmunai LLP obtained through direct talks with the government. With this advantage, the company can successfully compete with the largest multinational oil firms by diversifying its portfolio of exploratory projects.

According to the company, there is a lot of potential for both onshore and offshore exploration in Kazakhstan. Right now, Standartmunai LLP is doing offshore exploration near the Uzen and Karamandybas fields, as well as in the regions of Liman, Taisogan, and R-9. The country has been extensively explored on land down to a depth of three to five kilometers. Still, Standartmunai LLP believes that depth has a lot of prospective resources, especially in the subsalt strata.

Standartmunai LLP is a Kazakhstani oil field management business. The Company is dedicated to sustaining production levels that allow it to strike a balance between the upstream sector’s rationalization of mineral resources and financial effectiveness. Standartmunai LLP actively pursues the development of challenging-to-recover reserves while preserving levels of mature field output. In addition to actively developing new oil production centers, the Corporation is also actively improving visually appealing locations. In order to sustain the consistency of its oil output in recent years, the Company has concentrated on increasing its oil recovery factor, which is among the highest in the country.

Standartmunai LLP uses modern technology to collect, process, and present data in order to improve the critical decision-making abilities and results of enterprises. Our goal is to help E&P firms make better decisions, reduce risk, and increase the value of their portfolios. Because of its flexible methodology and proprietary toolkits, Imaging Services can tailor data visualization solutions to fit specific geological conditions and operational goals. Multi-client 2D and 3D libraries include almost all major offshore petroleum provinces, enabling investors to make more informed decisions and to find fresh exploration potential. Hardware, technical services, and operations optimization software lower operational risk and improve asset performance in harsh offshore environments.