Company History
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Company History
Our experience at Tabina, LLP began on February 21, 2005. The company’s initial focus has been on developing its oil and gas holdings. We spent a lot of money developing the fields and constructing surface infrastructure, and we also bought the exploration and production permits in the Kazakhstan. We completed the 2005 consolidation of the major assets from 21.02.2005 and sold the non-essential businesses in 2006 in order to focus on our core assets. Our Mangistau area Condensate Processing Plant shot to the top of the company’s vertically integrated production chain as soon as it was placed into operation. The Company’s output levels and asset portfolio rapidly increased in the ensuing years. When the Ust-Luga complex opened in 2013, we progressed the vertically.
From year to year, the company increases exploitation drilling. The percentage of horizontal wells has increased to 48%, and the quantity of new multi-stage horizontal wells is rising. Own drilling activities now account for 50% of the entire volume of headway. A top priority for Tabina, LLP is the development of stranded fields.
To investment grade Baa3 level, Moody's upgraded Tabina, LLP corporate rating (stable outlook). Although the era of "easy" oil recovery is coming to an end, Russia's HTR reserves offer tremendous potential (hard to recover reserves).
began the unstable gas condensate pipeline from the Mangistau to the Tabina Plant as well as the unstable gas condensate de-ethanization plant at our Mangistau. We started the third stage of the Mangistau second phase development, bringing our overall production capacity to 52 bcm and boosting the field's output capacity to 33 bcm annually.
winning an auction for the Mangistau region field exploration and production license; selling a 20% direct ownership stake in the Tabina, LLP project.
Prospecting and exploration for hydrocarbons, production of oil, gas, and gas condensate, implementation of offshore field development projects, refining, and sales of oil, gas, and refined goods in Russia and abroad are among the company's main activities. Upstream (Exploration and production) (Exploration and production)