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About APetro Economics

An independent consultancy for oil and gas asset management, reserves evaluation and project economics, based in the Republic of Kazakhstan.

What we stand for

Integrity in the numbers and growth for the asset. We give operators, investors and regulators evaluations they can defend — and the development and data decisions that follow from them.

Integrity

Every figure is traceable to its data, its method and its assumption.

Growth

We look for the reserves increase, the recovery gain and the economic upside — and say when there is none.

Independence

We are not tied to a service company, a software vendor or a buyer of the asset.

13oil and gas projects with reserves calculated to SPE-PRMS
19operators and institutes in Kazakhstan served
8fields in a single portfolio data analysis and reserves audit
6countries: Kazakhstan, North Sea, France, Indonesia, Russia, Turkey

How we work

Project administration

A project manager assembles the exact team the engagement needs — from a single reserves review to a full development plan.

Senior people only

Technical experts with PhD and MSc degrees from leading Western universities and more than ten years of practical experience in their discipline.

Standards first

SPE-PRMS, KAZ-PRMS and documented methods on every project.

Knowledge transfer

Training and seminars for the client's team are part of how we deliver.

Training and seminars

We run professional training and seminars on reserves evaluation, SPE-PRMS / KAZ-PRMS classification and asset management for operator, institute and regulator teams — acknowledged by the Ministry of Energy, KazMunayGas, Turgai Petroleum, Caspiy Neft and the SPE Astana Section.

Team

Seven disciplines, assembled per project

We operate on a project-administration basis: a project manager assembles the specialists each engagement needs. Every expert has more than ten years of practical experience in their discipline.

OS
Olzhas SuleimenovFounder and Managing Director

Leads the company's reserves evaluation, asset-management and digital-oilfield engagements and the training programme. MSc Systems Engineering, Texas A&M University; Lloyd's Register Academy certificate in the Petroleum Resources Management System (PRMS). Also founder of ALDIS Petrosolutions, the technology partner behind the data and AI practice.

Geophysicist

Seismic interpretation, structural framework, trap and volume definition.

Petrophysicist

Log analysis, porosity, saturation and net-pay cut-offs.

Geologist

Depositional model, reservoir characterisation, static volumes.

Petroleum Engineer

Well performance, DCA, material balance, development planning.

Modelling Specialist

Static and dynamic models, history matching, production forecasts.

Economic Analyst

Fiscal terms, cash-flow models, NPV and sensitivity analysis.

Project Manager

Scope, schedule, quality control and the single point of contact.

Qualifications
  • PhD and MSc degrees from leading Western universities
  • MBA, Geneva Business School (Switzerland)
  • MSc, Texas A&M University (USA)
  • MSc, IFP School – Gubkin University (France / Russia)
  • BS, Middle East Technical University (Turkey)
  • More than 10 years of practical industry experience per expert

Letters of appreciation

Our seminars and project work are acknowledged in letters from the Ministry of Energy of the Republic of Kazakhstan, the KazMunayGas research institute, Turgai Petroleum and Caspiy Neft, a certificate of appreciation from the SPE Astana Section for the lecture “International Reserves Management System SPE-PRMS”, and a letter of thanks from Geneva Business School for the Asset Management course.

Ministry of Energy of the Republic of Kazakhstan — letter of thanks for the SPE-PRMS seminars
Ministry of Energy of the Republic of Kazakhstan — letter of thanks for the SPE-PRMS seminars
KazMunayGas research institute — letter of appreciation
KazMunayGas research institute — letter of appreciation
Turgai Petroleum — letter of thanks for the SPE-PRMS reserves training
Turgai Petroleum — letter of thanks for the SPE-PRMS reserves training
Caspiy Neft — letter of thanks for the seminar “International standards of reserves reporting, SPE-PRMS”
Caspiy Neft — letter of thanks for the seminar “International standards of reserves reporting, SPE-PRMS”
Geneva Business School — letter of thanks for the Asset Management course
Geneva Business School — letter of thanks for the Asset Management course
SPE Astana Section — Certificate of Appreciation for the lecture “International Reserves Management System SPE-PRMS”
SPE Astana Section — Certificate of Appreciation for the lecture “International Reserves Management System SPE-PRMS”

Have a field, a data room or a deadline?

Tell us what you need to decide and by when. We reply within one business day.

Discuss a project