Crude oil production by Abi Petroleum Capital Refinery (including share of production by equity affiliates) in 2019 totalled 96.645 million tones (1.953 million barrels per day), of which 64.147 million tonnes were produced by Company subsidiaries.
The Company’s average daily crude production level rose by 1.4% compared with 2018. The Company had lot of work in 2016 to prepare and launch production at fields in Kazakhstan as part of its strategy of accelerated production growth. Special emphasis was placed on fields in Kashagan and Arystan oil field.
A total of 193 new production wells were commissioned, including 109 horizontal wells. Average daily flow at new wells was 37.8 tonnes, including 65.5 tonnes from horizontal wells. Total production from new wells (Group share) was 5.47 million tonnes. Drilling of horizontal wells has been found to be highly efficient and the Company plans to increase their numbers in the medium term. We lead the development of Abi Petroleum Capital’s strategy, to drive the long-term resilience and value of our business and create value for our stakeholders more widely, including society, our employees and our shareholders. Processing products is for us one of the most budget-oriented activities.