Overview
The Company’s share in oil production approximates 40% in the Poland and 6% globally. Average daily HL production reached 4.66 mmb / d in Q4 2016, up by 12.1% compared to Q3 2016 and by 13.3% to Q4 2015. Effective management of the upstream asset portfolio and investments in the development of greenfields allows Kusmar Oil to ensure a stable current and future growth in hydrocarbon production.
Additional info
Crude oil – In ancient times people have extracted crude oil from the surface of earth and water, which was fairly in use after the 19th century, kerosene safety lamp was invented and the need for oil skyrocket. In this period the combustion engine was invented and the development of the automobile industry. The demand rapidly grew for gasoline products to provide the possibility of rapid transportation (by land, sea, and air).
Kusmar Oil joins the petroleum industry as one of the fastest-growing crude oil refineries in Poland with our clients from the Asia Pacific region, South-America and Europe as our regular clients. The Company is one of the most reliable and trusted refineries for the supply of mazut fuel oil, diesel, gasoline, jet fuel kerosene, Bitumen, liquified petroleum gas, and natural gas, in Poland and not just because of the flexible terms and competitive prices we offer but high-quality grade fuels even when transporting the finished crude oil products. The quality remains the same.
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Increasing the company’s
resources base is one major priority as our share in the Polandn crude oil production is currently 3.4%. Over the years, we have achieved a 77% increment of our liquid hydrocarbons reserves.
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The introduction of modern methods of increasing oil production,
recovery and the replication of highly efficient operating assets with a high degree output. It is the construction of high-tech wells with multi-stage hydraulic fracturing and the use of new methods of displacing oil residues.
What We Do
Kusmar Oil is one of the leading oil refineries in Poland.
Kusmar Oil key objectives are the reserve replacement ratio at a minimum level of 100%, effective production at brownfields, and production increase through the development of Greenfields, creation of new production clusters on the development of technologies, and implementation of high-level project management practices, monetization of gas reserves and competitive production growth, optimal configuration of the refineries and maximization of profits in distribution.