Tethys Petroleum Limited: Kazakhstan Operation Plans
Tethys Petroleum Limited, the oil and gas exploration and production company focused on Central Asia, today announced its work programme in Kazakhstan for the second half of 2013. Forward Work Programme: • AKD08 (“Doto”) Exploration well to spud in early August • Further oil exploration wells planned after Doto results …
KMG EP announces operating results for the first quarter of 2013
KazMunaiGas Exploration Production announces that in the first three months of 2013 it produced 3,002 thousand tonnes of crude oil (247 kbopd), including the Company’s stakes in Kazgermunai (KGM), CCEL and PetroKazakhstan Inc. (PKI) which is 1% less than in the same period of 2012. Uzenmunaigas JSC (UMG) produced 1,237 …
PRI Launch Kazakhstan Upstream Oil and Gas 2013 Report
This is a report on petroleum exploration and production in the Republic of Kazakhstan and the companies engaged in that work. It provides comprehensive, practical information from contact details and historical performance of the companies to forecasts of drilling, production, and hydrocarbon exports for Kazakhstan as a whole. Kazakhstan’s Oil and Gas Upstream 2013 is …
Gazprom and Kazakhstan Address Prospects for Bilateral Cooperation
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Sauat Mynbayev, Oil and Gas Minister of the Republic of Kazakhstan. The parties discussed prospects for bilateral cooperation in the energy sector, including the implementation of joint projects in hydrocarbon exploration, production, processing and marketing. Kazakhstan Background The explored …
Tethys Doubles Gas Price in Kazakhstan
Tethys Petroleum Limited (“Tethys”) (TSX:TPL)(LSE:TPL), the oil and gas exploration and production company focused on Central Asia, today announced that it has effectively doubled the net price of the gas which it is selling in Kazakhstan. New gas price after marketing and distribution costs USD65 (USD72.8 including VAT) per 1,000 cubic metres (previously USD32.5 including VAT for the …
KMG EP Announces Operating Results for the Full Year of 2012
JSC KazMunaiGas Exploration Production announces that in 2012 it produced 12,191 thousand tonnes of crude oil (247 kbopd), including the Company’s stakes in Kazgermunai (KGM), CCEL and PetroKazakhstan Inc. (PKI) which is 150 thousand tonnes or 1% less than in 2011. JSC Uzenmunaigas (UMG) produced 4,950 thousand tonnes (100 kbopd), …
Roxi Petroleum plc: Galaz NK-12
Roxi Petroleum plc, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to update the market with the progress of Well NK-12, at its NW Konys asset (Galaz), which was spudded on 23 November 2012. Well NK-12 is located to the south of currently producing …
Max Petroleum Strikes 20 Metres of Pay at ESKN-1
Max Petroleum Plc, an oil and gas exploration and production company focused on Kazakhstan, announces that the ESKN-1 exploration well in the Eskene North prospect has reached a depth of 1,507 metres with electric logs indicating 20 metres of net pay over an 90 metre gross interval in the Triassic …
Max Petroleum: Debt Restructuring
Max Petroleum, an oil and gas exploration and production company focused on Kazakhstan, is pleased to announce today its intention to implement a refinancing and a comprehensive restructuring of its outstanding debt facilities (the “Restructuring”). The terms of the Restructuring, which comprise the refinancing of the Company’s existing senior credit …
Roxi Petroleum plc: Update on BNG / KNOC farm-out
Roxi Petroleum plc, the Central Asian oil and gas company with a focus on Kazakhstan, is pleased to announce that representatives from the existing participants in the BNG licence and KNOC have agreed well locations and secured a rig to commence drilling in December 2012. Well locations The main focus …