KPO Makes Senior Management Changes

Karachaganak Petroleum Operating B.V. (KPO) has made two senior management appointments. Roger Fox takes over from Paolo Campelli as the new KPO General Director, and Antonio Baldassarre succeeds Cameron Crawford as the new Operations Director.

Roger Fox has been with BG Group for some 25 years and during this time has held a number of management positions delivering other major energy projects across the United Kingdom, Brazil, Egypt and the Philippines. Roger Fox is a chartered professional engineer with a first degree in mechanical engineering and a second degree in project management.

Prior to assuming the position of the KPO General Director, Roger Fox was Chief Executive Officer of the Egyptian LNG (ELNG) consortium.

Antonio Baldassarre holds a master degree in engineering and a second degree in geochemistry. He has spent more than 15 years within the oil and gas industry, and during his career, has covered a number of engineering and management posts in several countries around the world, including the UK, West Africa, North Africa and Italy.

Prior to this appointment Antonio was the Karachaganak Asset Technical Manager within the Eni E&P Division.

Karachaganak Petroleum Operating B.V. (KPO) is a joint venture between BG Group (32.5%), Eni (32.5%), Chevron (20%), and LUKOIL (15%).

KPO oversees the expansion and development of the Karachaganak field - one of the world's largest oil and gas condensate fields - which is located in North West Kazakhstan and holds over 1.2 billion tons of oil and condensate and more than 1.35 trillion cubic meters of gas.

KPO's operations are regulated through a 40-year Final Production Sharing Agreement (FPSA) signed by the Kazakhstan government and the partners in November 1997.

Development of the field is bringing significant income to both the national and local economies and the project is providing long-term jobs to many Kazakh nationals.

KPO operates the following facilities: the Karachaganak Processing Complex (KPC); the gas and liquids separation and re-injection plant (Unit 2); the gas and liquids separation plant (Unit 3); the 635-km export pipeline Karachaganak-Bolshoi Chagan-Atyrau, giving Karachaganak access to world markets via the Caspian Pipeline Consortium (CPC) system.

KPO has been demonstrating world-class environmental practices, and is meeting its long-term commitment to social improvement which will see the company invest $10 million annually in local schemes throughout the 40-year life of the project.