The oil and gas division is the central pillar of the Kusto Group and its earliest investment. Founded in 2005, KazPetrol Group acquired its licence
to explore for hydrocarbons in Kazakhstan’s Kyzylorda region the following year.
investment into a billion-dollar
By partnering with the world’s best oil and gas exploration companies and investing in top management and cutting-edge technology, it has turned a high-risk investment into a billion-dollar company in less than 10 years.
Kusto takes a long-term approach to extraction
and field development in order to minimise the impact on the environment. Production started
in 2008 and is expected to reach 5m barrels in 2020. Annual output is currently 2–2.5m barrels
of light oil. Total reserves are estimated
at approximately 100m barrels, with a field life
of 25-30 years. Currently, output is sold locally
and to international export markets.
Kusto always works with first-class partners,
from Schlumberger to Capstone, and favours
those that link quality with value, offering
the best technology to maximise efficiency.
In 2014 Kusto was the first to launch a chain
of downstream fuel stations in Kazakhstan that incorporate retail and banking facilities.
Via its startup company, Compass is a unique consumer experience, combining retail convenience shopping, high quality fuel supply, and a new standard for ease of purchasing. Within 12 months of launch, Kusto had developed 11 integrated service-stations
and plans to have 70 by 2020.
and a new standard for ease of purchasing