COMPANY STRATEGY

Company Strategy

Priority Oil & Gas is committed to addressing global challenges, including climate change, with a goal of achieving carbon neutrality by 2050. The company aims to transition into an integrated supplier of sustainable fuels, chemicals, and materials, focusing on circular economy solutions. This includes reducing greenhouse gas emissions to net zero and ensuring a stable energy supply as the global reliance on oil and gas diminishes.

To build a greener future, Priority Oil & Gas is prioritizing sustainable feedstocks and alternative energy solutions. With biofuel demand in Europe expected to triple by 2030 due to regulations and shifting consumer preferences, the company is aligning its strategy to meet this growing market. As global population and prosperity drive demand for chemicals and materials, Priority Oil & Gas is investing in lightweight, high-performance plastics that improve fuel efficiency, enhance safety, and contribute to modern living.

The company is also committed to rethinking plastic disposal, treating polymers as a solution for building a low-carbon economy while advancing recycling and sustainable practices.

Following the initial front-end engineering and design (FEED) phase, field development began in 2010 on a 1.06 million square meter site. The project handles feed gas containing up to 6% hydrogen sulfide (H₂S), with sales gas transported to China via a single pipeline. Development included gas treatment and sulfur handling facilities, well pads, surface gathering systems, condensate processing, storage, infrastructure, and 100km of export pipelines.

Priority Oil & Gas continues advancing exploitation drilling, with horizontal wells now at 48% and multi-stage fracking steadily increasing. Over 50% of drilling operations are conducted in-house, with a focus on developing stranded fields and hard-to-recover (HTR) reserves. By deploying innovative technologies like auger boring, the company has achieved efficient development of challenging oil reserves, unlocking Kazakhstan's vast HTR potential.