PCLL “KMG Kashagan B.V.” was established in October 2005 by Joint Stock Company “National Company KazMunayGas” (KMG). The company operates within the Republic of Kazakhstan through its branch — Branch of Private Company with Limited Liability “KMG Kashagan B.V.” in the Republic of Kazakhstan, which was registered in 2006. The company’s main objective is to manage Kazakhstan’s 16.88% share in the North Caspian Production Sharing Agreement (PSA). KMG Kashagan’s participation in the management of the North Caspian Project includes:
Representing KMG’s interests under the PSA and participating in oil operations for exploration and production of hydrocarbon resources in the Caspian Sea within the NCP framework.
Financing oil operations and other NCP-related expenses, as well as accounting for costs.
Promoting local content increase and nationalization of the workforce.
Ensuring lifting, transportation, and marketing of oil and bypass products.
Production at the field began in late September 2016.

Kashagan is one of the largest oil and gas fields in the world, located in the northern part of the Caspian Sea, approximately 80 km from Atyrau, Kazakhstan. It was discovered in 2000, when a commercial oil flow was obtained during the testing of the KE-1 exploration well, from the subsalt carbonate reservoirs of the East Kashagan structure. The field’s geological oil reserves are estimated at over 35 billion barrels, with recoverable reserves of approximately 9–13 billion barrels. Kashagan presents challenging development conditions, including high sulfur content, high reservoir pressure and temperature, and harsh climatic conditions. These challenges require the application of advanced technologies, innovative engineering solutions, and highly skilled professionals, making the project both technically demanding and strategically important.

Over the years, KMG Kashagan has accumulated valuable experience and achieved remarkable success in managing projects of international scale. The company employs highly qualified professionals whose expertise and dedication ensure adherence to the highest standards of efficiency and innovation. Each employee makes a significant contribution to the successful implementation of the company’s strategic goals.

The key priorities of KMG Kashagan are to increase hydrocarbon production at the Kashagan field, ensure business stability, and enhance management efficiency. The company is actively moving toward these goals while adhering to the principles of sustainable development, which strengthens its position in the international market and contributes to the growth of Kazakhstan’s oil and gas industry.

KMG Kashagan actively exports crude oil, gas, and sulfur to international markets, serving as an important source of revenue and contributing to the company’s financial stability. By leveraging a well-developed transportation infrastructure — including the Caspian Pipeline Consortium system, KazTransOil, and the Baku–Tbilisi–Ceyhan pipeline — the company minimizes costs and optimizes logistics processes. KMG Kashagan’s export activities not only ensure stable cash flows, but also strengthen long-term partnerships with international stakeholders, supporting sustainable business growth and enhancing Kazakhstan’s reputation in the global energy market.