The salary of KPO employees is 3 times higher than the average salary in the West Kazakhstan region

The company conducts annual monitoring of remuneration in the industry. General Director of Karachaganak Petroleum Operating B. V. (KPO), Edwin Blom, said this during a meeting with the Minister of Labor and Social Protection of Population of the Republic of Kazakhstan, Berdibek Saparbayev.

According to the press service of the Ministry, “the parties discussed the issues of compliance with labor legislation at the enterprise, including in terms of attracting foreign specialists, as well as providing support to large and low-income employees.”

“Today Kazakhstan trains highly qualified specialists, including those of the 3rd and 4th categories. Therefore, there is no need to attract a large number of foreign workers, with the exception of specialists that Kazakhstan doesn’t have,” Berdibek Saparbayev said during the meeting.

According to him, the company needs to pay special attention to the annual increase in wages of employees not lower than inflation, as well as to prevent unjustified reduction of workers.

According to the General Director of KPO, the company annually monitors wages throughout the industry. Today, the salary of employees of the enterprise is 3.3 times higher than the average salary in the West Kazakhstan region.

“The company observed fair and equal working conditions for all employees of the enterprise. The collective agreement provided the possibility of constant dialogue between the management of the company and employees,” said Edwin Blom.

He noted that “similar requirements apply to contractors”.

“And we constantly monitor the situation in them, including through unscheduled inspections for compliance with labor legislation,” the head of the company said.

Let’s recall, Karachaganak Petroleum Operating B. V. is the operator of the project for the development of Karachaganak field.

The KPO consortium includes Eni S.p.A. (29.25%), Shell (29.25%), Chevron (18%), LUKOIL (13.5%) and KazMunayGas (10%).

Karachaganak field is located in the West Kazakhstan region and covers an area of more than 280 sq. km. Its estimated hydrocarbons initially in-place are 9 billion barrels of condensate and 48 trillion cubic feet of gas, and total estimated reserves exceed 2.4 billion barrels of condensate and 16 trillion cubic feet of gas.