Local content performance
Infrastructure and Industry Development
Buzachi Operating Ltd. is committed to enhancing Kazakhstan's economic development through robust local content initiatives. These efforts focus on maximizing the participation of Kazakhstani citizens and businesses in the company's operations, aligning with national policies and contributing to sustainable growth. Operating in the Buzachi Peninsula, Buzachi Operating Ltd. has invested in developing local infrastructure to support its oil and gas activities. This includes the construction of support bases, procurement of construction equipment, and establishment of logistics facilities. Such investments have not only facilitated the company's operations but also stimulated the growth of related industries in the region.
achievements in local content development
Buzachi Operating Ltd. organizes regular workshops and technical seminars aimed at enhancing the capabilities of local suppliers. These sessions cover a range of topics, including project requirements, tendering processes, quality standards, and industry best practices. By facilitating knowledge transfer and fostering open communication, the company empowers local businesses to meet the stringent demands of the oil and gas sector.
- Recognizing the importance of international standards, Buzachi Operating Ltd. assists local suppliers in obtaining certifications such as ISO 9001 (Quality Management), ISO 14001 (Environmental Management), and API standards relevant to the oil and gas industry. This support includes guidance on certification processes, financial assistance for audits, and connecting suppliers with accredited certification bodies. Achieving these certifications enhances the competitiveness of local suppliers and ensures alignment with global industry standards.
- To ensure the reliability and quality of its supply chain, Buzachi Operating Ltd. conducts thorough technical assessments and site evaluations of potential and existing suppliers. These evaluations assess the suppliers’ capabilities, adherence to safety and environmental regulations, and capacity to meet project specifications. Feedback from these assessments is used to identify areas for improvement and to develop targeted support programs for suppliers.
- Beyond initial workshops, Buzachi Operating Ltd. offers continuous training and development opportunities for local suppliers. These programs focus on advanced topics such as supply chain optimization, sustainable practices, and technological innovations in the oil and gas industry. By investing in the long-term development of its suppliers, the company fosters a resilient and adaptable local supply chain.
Workforce Training and Nationalization.
Vocational Training Programs Buzachi Operating Ltd. offers specialized vocational training programs focusing on industrial safety, equipment operation, and technical skills. These programs are designed to equip local employees with the necessary competencies to meet the technical demands of the oil and gas sector.
Compliance with Nationalization Policies In adherence to Kazakhstan’s nationalization policies, the company strives to increase the proportion of Kazakhstani citizens in its workforce and leadership positions.
Partnerships with Educational Institutions, Buzachi Operating Ltd. collaborates with local educational institutions to align its training programs with national educational standards. These partnerships facilitate the development of a skilled workforce that meets both industry requirements and national development goals.
On-the-Job Training and Mentorship The company implements on-the-job training and mentorship programs, allowing less experienced employees to gain practical knowledge under the guidance of seasoned professionals. This approach accelerates skill acquisition and promotes knowledge transfer within the organization.
Regular Performance Assessments To ensure continuous improvement, Buzachi Operating Ltd. conducts regular performance assessments of its workforce. Feedback from these assessments informs the refinement of training programs and identifies areas for further development.
Investment in Safety Training Recognizing the importance of safety in oil and gas operations, the company invests significantly in safety training. Employees receive comprehensive instruction on safety protocols, emergency response procedures, and hazard recognition to maintain a safe working environment.
Career Development Opportunities Buzachi Operating Ltd. provides clear career development pathways for its employees, encouraging continuous learning and advancement. By offering opportunities for professional growth, the company fosters employee retention and builds a robust internal talent pipeline.
Compliance with Local Content Regulations
Buzachi Operating Ltd. is committed to aligning its operations with Kazakhstan's legal framework, particularly the "Code on Subsoil and Subsoil Use," which mandates specific local content requirements in procurement and employment practices. These regulations aim to bolster the national economy by ensuring that a significant portion of the value generated from subsurface activities benefits local industries and the workforce. To comply with these mandates, Buzachi Operating Ltd. meticulously calculates and reports the percentage of local content in its procurement of goods, services, and employment. This process adheres to the Unified Methodology approved by the Kazakhstani government, which provides standardized procedures for assessing the domestic value added in various operational aspects. By following this methodology, the company ensures transparency and consistency in its reporting, facilitating government oversight and fostering trust among stakeholders.
Long-Term Commitment to Local Development
Buzachi Operating Ltd.'s local content strategy is integral to its long-term operational planning. By fostering local industry capabilities, investing in workforce development, and ensuring regulatory compliance, the company contributes to the sustainable development of Kazakhstan's economy. These efforts not only support the company's business objectives but also align with the broader goals of national growth and prosperity.
Community Engagement and Social Investment
Buzachi Operating Ltd. actively engages with local communities in the Mangystau Region through targeted social investment initiatives. These efforts include funding for vocational training programs, improvements to healthcare facilities, and infrastructure development projects such as road maintenance. By focusing on these areas, the company aims to enhance the quality of life for residents and support sustainable development in the region. At the end of 2023, 96% out of over 2880 employees of operating company NCOC are Kazakhstan citizens, and 95% out of over eight thousand Contractors engaged in the North Caspian Project are Kazakhstan citizens.