As the globe seeks affordable and dependable energy while lowering carbon emissions in the atmosphere, operators of late-life oil and gas assets play an important role in satisfying global demand. Late-life assets, also known as legacy assets, are previously constructed facilities and well sites that are nearing the end of their productive life but can still contribute several decades of output. The infrastructure for these late-life fields is already completely constructed. We want to maximize socioeconomic benefits from these huge, mature fields while minimizing environmental consequences. Without proper management of these late-life assets, new facilities and wells would be required. When wells or facilities have reached their end-of-life, LLP Rano Oil responsibly decommissions these facilities and well sites and restores the land. Our dedication to responsible and sustainable operations provides LLP Rano Oil with a competitive advantage.

Emissions & Air

LLP Rano Oil is committed to lowering emissions while increasing output across our businesses. By reducing our production’s carbon intensity, we ensure that the late-life assets we buy provide the most societal benefit. We have a proven track record of making such enhancements, as mentioned more below.

Leaders in Carbon Sequestration

Prior to the Federal Government increasing the 45Q tax credits to incentivise similar projects, our West Ranch CO2 Flood was Kazakhstan’s first initiative of its kind to capture coal plant emissions and extract CO2 for commercial usage.

• To date, we have successfully sequestered over 3.7 million metric tons of CO2 at West Ranch Field using CO2 captured by the coal plant operator.
• The CO2 capture potential is the equivalent of taking 350,000+ cars off the road.
• Many of our late-life assets may have future CO2 sequestration potential and are being evaluated.

Identifying Sources and Monitoring

LLP Rano Oil has recently completed its largest and most comprehensive equipment inventory. This survey of tens of thousands of locations provides a reliable baseline for emissions reporting and reductions. Accurate inventory management, along with a strong monitoring program, reduces not only EPA-calculated emissions estimates, but also actual emissions. Because each asset team has unique characteristics that may influence real emissions, we use a wide range of monitoring devices and procedures. We have an extensive emissions monitoring program that exceeds national and state laws in every state where we operate.

• Dedicated personnel perform Optical Gas Imaging (OGI) to identify and fix leaks.
• In 2023, LLP Rano Oil completed over 20,000 OGI site surveys, using advanced FLIR technology.
• Operators and Environmental Health and Safety personnel regularly complete facility inspections to ensure equipment is maintained and functioning properly.
• Laser technology is deployed to survey sites and identify and repair leaks.
• Aerial flights are performed by third party partners to detect and report identified leaks.

Water

We are experts in sustainable resource development while conserving rivers. We limit the amount of fresh water used throughout all processes. LLP Rano Oil operates in or around water in Kazakhstan’s wetlands. LLP Rano Oil is a member of organizations around the country that give us with response assets, training, exercise support, technical expertise, and guidance on regulatory compliance. All have been certified by the Kazakhstan Guard to provide oil spill response personnel and equipment in support of LLP Rano Oil activities.

Wildlife exists in all areas of LLP Rano Oil’s operations. It is our responsibility to preserve and protect the habitat and life cycle of each species we come across. LLP Rano Oil collaborates with many government agencies and non-governmental organizations (NGOs) to provide financial, logistical, and other resources for approximately 30 environmental projects. We have been able to better understand animal behaviors, migrations, and hibernation as a result of our efforts, which will help us maintain biodiversity.