KazMunaiGas Exploration Production: 9M Results – Production Slightly Up
JSC KazMunaiGas Exploration Production announces its operating results for the first nine months of 2015. KMG EP produced 9,245 thousand tonnes of crude oil (251kbopd), including the Company’s stakes in Kazgermunai (KGM), CCEL (Karazhanbasmunai) and PetroKazakhstan Inc. (PKI), which is 0.3% more than in the same period of 2014. Ozenmunaigas …
KMG EP’s Board of Directors Approves 2015 Revised Budget – Costing Brent at $51
JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) announces the approval by the Board of Directors (“the Board”) of a revision to the Company’s 2015 budget. The 2015 budget was revised assuming the average annual Brent price of US$51 per barrel and an average annual exchange rate of 208 …
KMG E&P: 1H Results – Production Up 0.3%
JSC KazMunaiGas Exploration Production announces its operating results for the first six months of 2015. KMG EP, including its stakes in Kazgermunai (“KGM”), CCEL (“Karazhanbasmunai”) and PetroKazakhstan Inc. (“PKI”), produced 6,122 thousand tonnes of crude oil (250 kbopd) in the six months of 2015, an 0.3% increase over the same …
KMG E&P: 1H Results – Production Up 0.3%
JSC KazMunaiGas Exploration Production announces its operating results for the first six months of 2015. KMG EP, including its stakes in Kazgermunai (“KGM”), CCEL (“Karazhanbasmunai”) and PetroKazakhstan Inc. (“PKI”), produced 6,122 thousand tonnes of crude oil (250 kbopd) in the six months of 2015, an 0.3% increase over the same …
KMG EP: Approves the Revision of the 2015 Budget and Business Plan for 2015-2019
JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) held its regular Board of Directors (“the Board”) meeting and the Annual General Meeting of Shareholders (“AGM”) on May 19, 2015. 2015 budget revision The Board of Directors approved the revision of the 2015 budget and business plan for 2015-2019. Production …
KazMunaiGas Exploration and Production: Q1 Results Production Down but Ahead of Targets
Today JSC KazMunaiGas Exploration Production announces its operating results for the first quarter of 2015. KMG EP including its stakes in Kazgermunai (KGM), CCEL (CCEL) and PetroKazakhstan Inc. (PKI) produced 3,037 thousand tonnes of crude oil (249 kbopd) for the first three months of 2015, which is slightly less than …
KazMunaiGas Exploration Production: CAPEX Down 34%
JSC KazMunaiGas Exploration Production held its regular Board of Directors meeting on March 30, 2015. During the meeting the Board approved the revision of the 2015 budget and approved the meeting agenda for the Annual General Meeting of Shareholders (“AGM”) set for 19 May 2015. I. Revised 2015 budget The …
KMG EP: 2014 Results – Profit Down 67% with Ozenmunaigas Impairment Charge
JSC KazMunaiGas Exploration Production announces its consolidated financial statements for the year ended 31 December 2014. — Revenue in 2014 was 846bn Tenge (US$4,722m)1 mainly due to an increase in the average domestic sales price by 20% and higher export price in Tenge (because of an 18% increase in the …
KazMunaiGas Announces Operating Results for 2014
KazMunaiGas Exploration Production today announces its full year operating results for 2014. Overall, in 2014 KMG EP, including its stakes in Kazgermunai (KGM), CCEL (CCEL) and PetroKazakhstan Inc. (PKI), produced 12,328 thousand tonnes of crude oil (250kbopd), which is 60,000 tonnes (less than 1%) lower compared to 2013. Ozenmunaigas JSC …
KMG EP: Aksay Oil and Gas Field Put on Stream
KazMunaiGas Exploration Production JSC announces that JV Kazgermunai’s Aksay oil and gas field located in Kyzylorda region has been put on stream. At the commissioning ceremony, KMG EP Chief Executive Mr Abat Nurseitov said: “Aksay field commissioning will allow Kazgermunai to maintain oil production at current level. Also, additional volumes …