Caspian Sunrise PLC (ROXIF)

Overview

Caspian Sunrise plc is a company dedicated to the exploration and production of oil and gas assets with a focus on Central Asia. Initially founded under the name Roxi Petroleum Plc in 2006, the company underwent a name change to Caspian Sunrise plc in March 2017. Its headquarters are located in London, United Kingdom. Caspian Sunrise plc is primarily involved in the exploration for and production of crude oil and operates through three segments: Exploration for and Production of Crude Oil; Onshore Drilling Services; and Offshore Drilling Services. The company's flagship operation is the BNG Contract Area in the Mangistau Oblast, western Kazakhstan, covering an impressive area of 1,561 square kilometers, in which it holds a 99% interest. This emphasis on the Central Asian region, particularly Kazakhstan, positions Caspian Sunrise plc as a significant player in the oil and gas industry within this geographically strategic and resource-rich area.

Products and Services

• Exploration for and Production of Crude Oil:

  Caspian Sunrise plc is engaged in the exploration and subsequent production of crude oil, primarily within its main asset, the BNG Contract Area in Kazakhstan. This involves a meticulous process of identifying potential oil fields, drilling to access the crude oil, and then producing it for sale. This segment is foundational to the company's operations and underscores its core business focus.

• Onshore Drilling Services:

  Aside from its exploration and production activities, Caspian Sunrise plc offers onshore drilling services, including the drilling of new wells and the repair of existing wells. These services are essential for both the company's projects and for clients seeking expertise in onshore drilling operations. Through this service, Caspian Sunrise plc contributes to enhancing oil production efficiency and longevity of wells, thereby supporting the broader oil production ecosystem.

• Offshore Drilling Services:

  In addition to onshore capabilities, the company extends its services to offshore drilling, showcasing its versatility and adaptability in the oil and gas industry. Offshore drilling services involve the exploration and drilling activities carried out in marine environments. This segment demonstrates Caspian Sunrise plc's ability to operate in diverse settings, from onshore to offshore, making it a comprehensive service provider in the oil and gas sector.