OPC sponsors SPE knowledge-sharing in Kazakhstan

OPC sponsors SPE knowledge-sharing in Kazakhstan

OPC sponsored an event in Astana designed to increase the knowledge of financial planning amongst oil and gas professionals and students in Kazakhstan. The event on 24th January was attended by more than 50 members of the SPE Astana Section and SPE Nazarbayev University Student Section, including representatives from local and international oil companies.

The main feature of the event was a lecture by Daniyar Ramatullayev, MBA, ACMA, CGMA, an experienced industry planning manager, on Business Planning in the Oil & Gas Industry.

The lecture was very well received by attendees, mostly scientists and engineers by training, who had received limited education in business planning and financial management. Several had expressed a desire to establish their own businesses within research and development, which would involve large amounts of capital to invest in technology and little revenue for one or more years after launch. The challenge of starting such a business requires an ability to impress institutional investors who view everything in financial terms, which may not be easy for those with all their experience in science and engineering.

OPC Asia Operations Manager and SPE Technical Programs Officer Daniyar Maukenov said:

“Business planning was one of the weak points in the local educational system due to the legacy of Ex-Soviet Union centralized economy planning which is currently being resolved by introducing of western style education programs at local universities. This topic was of particular interest since business planning skills are now required everywhere within Oil & Gas and was reflected in the excellent attendance despite temperatures of minus 37 degrees centigrade in Astana!”

OPC first established a presence in Kazakhstan in 2010 and Daniyar, who has a masters degree in Petroleum Production Engineering, leads the provision of technical and training services in-country. He can call on the expertise of colleagues in OPC London and Houston and to date OPC has delivered on a number of successful Competent Persons Reports, Reserves Audits and Full Field Reservoir Simulation and Modeling projects for the local Oil & Gas Operators.

For more details on OPC technical and training services in Kazakhstan, please contact Daniyar Maukenov on +7 7172 50 19 77.

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