Joint Stock Offshore Oil Company «KazMunayTeniz» was established pursuant to order No.80 by president of JSC National company KazMunayGas dated March 14, 2003, and is a 100% subsidiary of KazMunayGaz.
KazMunayTeniz is a company carrying out offshore and coastal onshore oil operations (in the Caspian and Aral seas) through efficient management of offshore projects.
The main objective of the Company’s activity is performing functions of contractor in subsoil use contracts in offshore projects, as well as implementation of functions on the efficient and rational development of oil and gas resources of Kazakhstan, increment and further increase of oil and gas resources.
Future development of the Company is aimed at competitive growth at international markets, and determines the long-term growth strategy of KazMunayGaz JSC NC and its affiliates.
COMPANY STRATEGY
Mission
Providing strong growth of the National Company’s indices of hydrocarbon reserves and hydrocarbon production in the shelf area of Caspian and Aral seas.
Vision
KazMunayTeniz is a leading company in the sphere of offshore exploration and hydrocarbon reserves production.
Strategic orientation
Rise in the Company value implying the following:
- Increment of reserves and hydrocarbon production through offshore field development;
- Introduction of new technologies;
- Improvement of financial and economic indicators;
- Human resource development;
- Improvement of labour and environment protection system.
Improvement of administration implying the following:
- Strategic management system improvement;
- Development of tools and mechanisms of operational management.
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