Jupiter Energy Limited (ASX: JPR) is an Australian-listed oil exploration and production company focused on Kazakhstan’s Mangistau Basin, one of the country’s most oil-rich hydrocarbon regions. Operating in Kazakhstan since 2008, the Company holds 100% ownership of a licence area which comprises three delineated oilfields spanning approximately 35 km² within the total licence area of approximately 123 km².
From its earliest days, innovation has been central to Jupiter Energy’s success in exploration, drilling, and now in full commercial production. Our company has achieved what many have found challenging - successfully discovering and developing commercial oil fields in a region where the monetisation of oil discoveries can face many hurdles.
Headquartered in Aktau, just 80 km from its operations, Jupiter Energy benefits from its close proximity to major producers, existing infrastructure, pipelines, roads, and the port of Aktau. This strategic location provides significant logistical and commercial advantages as we continue to build long-term, sustainable value for shareholders.
Timeline & Milestones
2005
Following the appointment of new management, the company made a strategic shift toward oil exploration.
2008
Acquired 100% of a Licence Area that covered ~ 123 km² in the Mangistau Basin, West Kazakhstan.
2010-Present
Transitioned to full commercial production with 25-year licences valid until 2045/46. Currently producing ~600 bopd for the Kazakh domestic market
2003
Initially listed on the ASX (ASX: JPR) as a gold explorer.
2007
Entered Kazakhstan to assess oil opportunities in the Mangistau Basin.
2008-2010
In its exploration phase, the company discovered three oilfields (Akkar North, Akkar East, and West Zhetybai) and established certified reserves.
2026
With the appropriate funding in place and the drilling of new wells underway, we aim to increase production to over 3,000 bopd within the next 2–3 years.
Jupiter Energy is guided by a strong commitment to business stewardship. As a local operator, we understand that our governance plays a significant role in our communities and the environment.