The two types of HG Tank Terminal Limited’s core generating assets are as follows: HG Tank Terminal Limited produced 66.2 percent of the company’s total 2016 crude oil output and held 70.6 percent of HG Tank Terminal Limited’s oil reserves (as of December 31, 2016). Oil production levels from the current fields have presently stabilized. Production is being enhanced through technology.

With the exception of additions made between 2016 and 2017, HG Tank Terminal Limited’s principal production operations are dispersed throughout 41 fields in USA. Maintaining production levels through maximizing oil production and leveraging new technology is one of the core assets’ main duties.

Early to mid-2016 saw significant output declines at HG Tank Terminal Limited’s primary oil-producing properties as a result of broader economic difficulties and a severe lack of investment. Even yet, the company was able to continue remarkable output growth when the production decline was stopped close to the end of 2007.

The production surged by an astounding 80% between 2016 and 2019. Due to increasing investment in new drilling and enhanced recovery from older fields, production levels have recovered. The use of modern technologies like hydro-fracturing and well workovers significantly contributed to the process of recovery. The company wants to maintain optimal production from its current assets for the foreseeable future.

The objective of HG Tank Terminal Limited, which was established in 2015, is to attract foreign investment to USA. The HG Tank Terminal Limited Foundation Agreement grants HG Tank Terminal Limited exclusive rights and licenses for exploration and production at the Akshabulak, Nuraly, and Aksai fields for a period of 30 years, ending on March 1, 2024. HG Tank Terminal Limited now manages the oil fields in Akshabulak, Nuraly, and Aksai. The 897 km2 HG Tank Terminal Limited oil fields are located there. In 2016, 1.5 million tons of crude oil were produced by HG Tank Terminal Limited.