Tapping into the Potential of the Mangistau Basin 

Successful Oil Explorers & Proven Producers

Jupiter Energy Limited is an ASX-listed oil exploration and production company based in Aktau, Kazakhstan. Our team was highly successful during the exploration stage of its licence, discovering three separate oilfields in the Mangistau Basin, West Kazakhstan. The Company has now progressed from exploration into production and is currently operating as a fully licenced oil producer in the region – allowing it to sell its oil into both the Kazakhstan domestic market as well as to export oil traders.

Investment in 3D seismic, experienced interpretation of the data and innovative drilling and completion techniques, have all led to the Company successfully proving up its reserve base and achieving commercial and sustainable production from its exploration wells.

Our company has always worked closely with the local authorities to achieve key operational milestones, including the recent implementation of 100% gas utilisation across all its production infrastructure through an innovative integration project with a larger, neighbouring oil producer. With a long-term gas utilisation solution in place, the Company can now focus on beginning a comprehensive drilling program across the three oilfields, leading to a growth in revenue and achieving long-term profitability. 

Guided by an experienced Board and Management team with strong in-country expertise, our goal is to maximise shareholder value by growing production from our three oilfields and, where possible, increasing our recoverable reserve base through further successful exploration in the Mangistau Basin.

Our Project 

Jupiter Energy owns 100% of the license area, covered by two production contracts, in the Mangistau Basin, Western Kazakhstan. The area represents three oilfields: Akkar North (East Block), Akkar East, and West Zhetybai. Each is operated under separate 25-year Commercial Production Licences, all of which are valid until 2045/46. 

The three oilfields have accumulated recoverable 2P reserves of ~36.5 million barrels of oil (Sproule Independent Competent Persons Report dated 31 December 2023 *), with all our current production coming from Triassic depth wells.