We are focused on establishing a sustainable firm, able to deliver on our value led development plan with the purpose of generating meaningful long term returns for our shareholders. Our objective is to become a highly profitable Kazakhstan independent oil and gas company through effectively growing the business in a wise and sustainable way, contributing to meeting society’s energy demands and creating value for all our stakeholders.

Finding and managing the right assets where we can add value is at the heart of our strategy, which aims to unlock the organic value of our current assets in the Greater Buchan Area while also pursuing accretive asset acquisitions that add cash flow, diversity, and high-quality investment opportunities to the portfolio. Our key strategic priorities outline how we will accomplish this:

• Leveraging the value of our core Greater Area assets
• Capitalising on the team’s experience and track record of successfully developing and growing energy businesses
• Engaging in strategic M&A
• Maintaining a prudent and disciplined financial structure

On August 9, 2023, LLP Olimpgaz’s Board of Directors made the decision to approve the field’s growth plan through 2032. If the objectives are met, a sustainable gas market can be established, value can be optimized throughout the chain, organizational effectiveness can be raised, and the business will be prepared for a successful IPO. The Republic of Kazakhstan’s fuel and energy complex development concept, a comprehensive plan for the expansion of the gas industry, and the Fund’s long-term strategy that is in line with the country’s main energy program documents form the basis of the LLP Olimpgaz development strategy.

Our four strategic pillars

• Protect the safety and wellbeing of our people.
• Invest in our assets to maximise value, including to improve efficiency and the recovery of oil and gas.
• Safeguard the communities in which we operate and protect the environment.
• Progress towards a 50 per cent reduction in our gross operated Scope 1 and 2 emissions by 2030 against our 2021 baseline.
• Collect efficient and reliable data to track our performance and support our goals.