Asset Report
Altius Petroleum Contract Area (KNOC)
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Korea National Oil Corporation (KNOC) is the main shareholder in Altius Petroleum, which operates the Akzhar (post-salt) field in west Kazakhstan. KNOC divested from three other oil fields in Atyrau region in 2024. They were located at a considerable distance from Akzhar. Aggregate oil production has declined to less than 4,000 b/d. Akzhar (post-salt) exploits shallow reservoirs that were discovered more than 50 years ago. However, the field has only been developed since 2000. Most oil is ...
Table of contents
- Summary
- Key Issues
-
Corporate
- Historical participation changes
-
Licences
- Akzhar (post-salt)
- Akzhar (post-salt)
- Alimbai
- Besbolek
-
Karataikiz
- Key development metrics
-
Oil
- Overview
- Exports
- Domestic
- Current routes
- Capital costs
-
Operating costs
- Mineral Extraction Tax (MET)
- Rent Tax on Export
- Oil Export Customs Duty (ECD)
- Corporate Income Tax
- Excess Profit Tax (EPT)
- Bonuses and social payments
- Historical cost repayment
-
Cash flow
- Export
- Domestic
- 2 more item(s)...
Tables and charts
This report includes the following images and tables:
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Index mapAltius Petroleum Contract Area mapField reservoir quality
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Field hydrocarbon qualityDiscovery summaryReserves (2P) at 01/01/2026Contingent Resources (2C) at 01/01/2026Production (2015-2024)Altius Petroleum Contract Area production profileCapital Costs Pre-2016 to 2024 (US$ million)Operating Costs 2025 to 2034 (US$ million)Cash Flow (US$)
- 8 more item(s)...
What's included
This report contains:
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