Who are we?
«Eureka Oleum» LLP is an oil exploration and production company.
The company is the 100% owner of the license for oil exploration and production at the Kultuk site located in the Beineu district of the Mangistau region of the Republic of Kazakhstan since 2015. Currently, the contract territory of Kultuk extends over 44 km2. The company has a license to conduct oil exploration and production until 2027 in the Jurassic and Triassic deposits.
To date, the production well stock includes 4 producing wells and 1 well for transfer to the injection well stock to maintain reservoir pressure. To ensure uninterrupted and safe production, in 2018 an oil pipeline with a length of 32 kilometers was built and put into operation from the Kultuk field to its own collection point and terminal in the area of the Sarykamys village with a tank farm of about 3 thousand m3. The Company also uses oil heating furnaces (operating on associated gas) and gas piston power plants to generate electricity for the purpose of utilization of associated gas.
In the near future, in accordance with the approved drilling plan, the Company plans to expand production capacity by drilling new production wells at the Kultuk field, which will lead to both an increase in production and a significant increase in the number of employees who mainly live in settlements adjacent to the field.