Kurmangazy Development

Chagala Group Limited (Chagala or the ‘Company’) announced today that Kurmangazy Development, a Chagala Group subsidiary, in partnership with JSC «NC «SEC «Oral» has completed the project of reconstruction and refurbishing an office building in the city of Uralsk in Western Kazakhstan. The building was commissioned on May 26.

The 5,600 sq. m. gross area building has been completely reconstructed into a Class A office destined to become the headquarters of the Karachaganak Petroleum Operating (KPO) consortium, one of the largest companies involved in the development of gas condensate fields in Kazakhstan.

This project has been completed on time and in line with the Clients’ requirements.

Francisco Parrilla, Group’s Chief Executive Officer, stated:

“It is an honor to be part of this historical moment that so many have been waiting in Uralsk: the first step of the move of KPO into the city of Uralsk. We remain grateful to our client and partners the trust deposited on the Group. We are linked by many years of successful partnership with the developers of the Kashagan field and this new project is our first experience of cooperation with KPO, that we hope with continue in time for many years”.