Caspian Energy

What Caspian Energy does

Caspian Energy Inc. is a private upstream oil and gas exploration company headquartered in Calgary, Canada, with all of its operational activity conducted in the Aktobe Oblast of Western Kazakhstan under an exclusive exploration and development licence for the North Block, a contiguous 3,458 square km area immediately adjacent to the producing Alibekmola, Zhanazhol, and Kenkiyak fields. The licence is the company's central asset and underpins its entire business model; all exploration, drilling, and development activity occurs within this footprint. The company employs between 11 and 50 staff and is led by William Ramsay as Chief Executive Officer and Director.

Caspian Energy's technical operations span conventional upstream workflows — exploration drilling (including the EZ#301 well drilled to 4,846 metres), 3-D PSDM and regional 2-D seismic acquisition and interpretation (the Baktygaryn 3-D program completed in November 2005; the regional 2-D program completed in March 2007), well logging, matrix acidizing, flow testing, petrophysical analyses, and geological modelling targeting both below-salt and post-salt plays. The lead development asset is the East Zhagabulak field, which produced approximately 1,300 barrels of oil per day from wells 301, 306, and 315 prior to being shut in at the close of December 2013 following expiration of the temporary gas flaring permit. All field operations are managed by APC (Aral Petroleum Contract) as operator under the Aral Petroleum Contract, with seismic processing contracted to PGS-GIS (Almaty) and regulatory/Project Report work performed by NIPIneftegas.

The business model is pre-revenue exploration: the company does not sell products or services to end customers, holds no disclosed offtake contracts, and carries no parent company or controlling shareholder of record. Any future crude production from East Zhagabulak or other North Block discoveries would be sold into the Kazakhstan domestic market through APC's existing offtake arrangements. Investor visibility is maintained via a corporate website (published by Investis Limited under English law) and a relationship with Proactive Investors UK, consistent with a previously or aspirationally listed small-cap structure (the company's glossary references London Stock Exchange indices and IPO terminology), though no ticker is confirmed in the source material.

Name

Caspian Energy

Legal name

Caspian Energy Inc.

Website

https://caspianenergyinc.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Caspian Energy Inc. is a pre-revenue oil and gas exploration company operating exclusively in Kazakhstan's Aktobe Oblast, holding an exclusive 3,458 sq km North Block licence adjacent to the producing Alibekmola, Zhanazhol, and Kenkiyak fields, with its lead asset, the East Zhagabulak field, currently shut in pending regulatory renewal.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Exploration

NAICS

Crude Petroleum Extraction (21112), Natural Gas Extraction (211130), Support Activities for Oil and Gas Operations (213112)

SIC

Crude Petroleum & Natural Gas (1311), Drilling Oil & Gas Wells (1381), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Mineral Rights, Leasing & Land Management (EUALAAAB)

akta.pro secondary industries

Drilling & Well Construction (E&P Operator-led) (EUALAAAD), Production Operations & Well Optimization (Artificial Lift, Flow Assurance) (EUALAAAF)

Keywords

• Oil and gas exploration
• Upstream petroleum exploration
• Hydrocarbon exploration licence
• Seismic survey programs
• Oil field development

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Infrastructure, Others

Marketing channels2 records

Core offering

Caspian Energy Inc. holds an exclusive exploration and development licence covering 3,458 square km known as the North Block in the Aktobe Oblast of Western Kazakhstan, adjacent to producing fields including Alibekmola, Zhanazhol and Kenkiyak. The company conducts oil and gas exploration through drilling operations, 3-D and 2-D seismic survey programs, and field development at the East Zhagabulak field. Oil produced from its wells is sold into the Kazakhstan domestic market through offtake arrangements managed by its operator APC (Aral Petroleum Contract).

Product overview

Caspian Energy Inc. is an oil and gas exploration company operating exclusively in Kazakhstan. The company's primary offering is its exploration and development services conducted under its North Block license (3,458 square km in Aktobe Oblast). Key operational products include the East Zhagabulak field (in development phase), seismic survey programs (Baktygaryn 3-D and regional 2-D), and drilling operations targeting oil and gas in both below-salt and post-salt formations. The company's integrated workflow combines exploration drilling, seismic data acquisition and interpretation, and field development to identify and develop hydrocarbon prospects.

Differentiator

Problem solved

Functional benefit

Products and services

• North Block Exploration Licence Exclusive exploration and development licence covering 3,458 square km in the Aktobe Oblast of Western Kazakhstan, immediately adjacent to producing fields including Alibekmola, Zhanazhol and Kenkiyak.
• East Zhagabulak Field Oil field in the development phase with production from wells 301, 306 and 315, historically producing approximately 1,300 barrels of oil per day (bopd). Production was halted at the close of December 2013 due to expiration of the temporary gas flaring permit.
• Seismic Survey Programs 3-D and 2-D seismic acquisition and interpretation programs covering the North Block territory, including the Baktygaryn 3-D seismic program and regional 2-D seismic surveys processed using PSDM (Pre-Stack Depth Migration) techniques by PGS-GIS.
• Oil and Gas Exploration Services Integrated oil and gas exploration services including drilling operations, seismic surveys, well logging, matrix acidizing, flow testing, petrophysical analyses, and geological modelling targeting both below-salt and post-salt formations.

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core and minor.

• APC (Aral Petroleum Contract)coreImplementation/ SI/ Consulting PartnerAPC (Aral Petroleum Contract) is the operator of the East Zhagabulak field and the North Block. APC manages field operations, production activities, and regulatory interactions with Kazakhstan authorities on behalf of Caspian Energy. The operator managed production of approximately 1,300 bopd from wells 301, 306 and 315.
• NIPIneftegasminorImplementation/ SI/ Consulting PartnerNIPIneftegas is a third-party consultant engaged to draft an updated Project Report addendum for the Exploration Contract extension, expected during Q2 2014. This work supports the formal submission to the Development Committee and is a prerequisite for extending the North Block exploration rights.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Tethys Petroleum: Small-cap independent upstream oil and gas company with historical focus on Central Asia, including Kazakhstan. Comparable to Caspian as a junior E&P operating in the same region with similar asset size and pre/early-production profile.
• Zenith Energy: Small-cap international upstream oil and gas producer with assets across multiple jurisdictions. Comparable to Caspian as a small, exploration-and-development-focused operator pursuing production from under-developed fields.
• Caspian Sunrise: Small-cap oil and gas company focused on exploration and production in Kazakhstan, including assets in the Mangystau region. Comparable to Caspian as a junior E&P with a Kazakhstan-only footprint and a multi-well development strategy.
• Condor Petroleum: Small-cap upstream oil and gas company with operations in Kazakhstan and Turkey. Comparable as a junior E&P active in the same Kazakh basins and pursuing similar pre-revenue/early-production pathways.
• Roxi Petroleum: Junior oil and gas company focused primarily on Kazakhstan assets, including shallow and deep plays around the Aktobe and Kyzylorda regions. Highly comparable to Caspian in scale, jurisdiction, and pre-revenue to early-production stage.
• ShaMaran Petroleum: Junior oil and gas company focused on exploration and development in Kurdistan and other emerging jurisdictions. Comparable to Caspian as a small-cap E&P reliant on a single regional asset base to drive value.
• Max Petroleum: Kazakhstan-focused upstream oil and gas exploration and production company operating in the western regions. Comparable to Caspian given its small-cap, single-country exploration model in Western Kazakhstan.

Broad incumbents

• KazMunayGas (KMG): Kazakhstan's state-owned national oil and gas company and the dominant upstream operator in the country. Comparable as the controlling incumbent over the regulatory and infrastructure environment in which Caspian operates.

Others

• PGS (Petroleum Geo-Services): Global geophysical services company whose PGS-GIS Almaty subsidiary processes Caspian's Baktygaryn 3-D PSDM seismic. Comparable as a technology vendor enabling Caspian's exploration workflow in Kazakhstan.
• Aral Petroleum Capital: Operator of Caspian's North Block via the Aral Petroleum Contract, executing field operations and regulatory engagement. Comparable as Caspian's key operating and service counterparty, structurally tied to Caspian's production restart path.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Caspian Energy