Kazakhstan Plans to Commission Two Large Gas Fields
The national company of Kazakhstan Kazmunaigas intends to commission the Western Prorva and Kalamkas fields in 2027, production will amount to 1.1 billion cubic meters per year, the KMG press service reported on Friday. “In 2027, Kazmunaigas intends to put into operation the Western Prorva and Kalamkas fields. Gas production …
3A Best Farm Out & the First Charter for the Caspian Explorer
The Board of Caspian Sunrise is pleased to provide the following operational update. 3A Best The Board is pleased to announce that Eragon Petroleum FZE, its 100% subsidiary, has entered into a farm out agreement with a local partner under which that partner has agreed to complete the outstanding work programme commitments …
KMG EP approves 2018 Budget and 2018-2022 Business Plan
JSC KazMunaiGas Exploration Production (“KMG EP” or the “Company”) announces that its Board of Directors (“the Board”) has approved the Company’s 2018 budget and 2018-2022 business plan. KMG EP’s Independent Directors abstained from voting on approval of the 2018 budget and 2018-2022 business plan. The budget for 2018 assumes a …
KazMunaiGas Exploration Production Financial Results for the First Nine Months of 2017
JSC KazMunaiGas Exploration Production (“KMG EP” or “the Company”) announces its consolidated interim financial results for the first nine months ended 30 September 2017. Revenue for the first nine months of 2017 was up 29% year-on-year at 666bn Tenge (US$2,059m[1]). This was largely a result of a 24% increase in …
KMG EP Announces Changes in its Management Board
Astana, 30 June 2017. KazMunaiGas Exploration Production JSC (“KMG EP” or the “Company”) announces changes in the Management Board. The Board of Directors has appointed Kuanyshbay Nurgaliyev, Managing Director for Operations and Field Development, and Bekmurat Naizabekov, Managing Director for Marketing, Purchase and Sales of Oil. They replace Dauletzhan Khassanov …
KMG EP Announces Operating Results for the Year Ended 31 December 2015
JSC KazMunaiGas Exploration Production announces its full year operating results for 2015. KMG EP produced 12,351 thousand tonnes of crude oil (251 kbopd), including the Company’s stakes in Kazgermunai (KGM), CCEL (Karazhanbasmunai) and PetroKazakhstan Inc. (PKI), almost at the level of 2014. Ozenmunaigas JSC (OMG) produced 5,510 thousand tonnes (111 kbopd) …
Kazakhstan Oil & Gas. 2014 Results and 2015 Industry Development Outlook
Introduction Among the FSU (former Soviet Union) countries, Kazakhstan has the second largest liquid hydrocarbon fields after Russia. According to the Republic of Kazakhstan State Commission for Mineral Reserves, the recoverable oil reserves in the country are estimated at 4.1 billion tonnes (30 billion barrels) including onshore fields (more than …
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 …
EIA: Kazakhstan Report
Kazakhstan, an oil producer since 1911, has the second-largest oil reserves as well as the second-largest oil production among the former Soviet republics after Russia. Kazakhstan is a major oil producer. The country’s estimated total petroleum and other liquids production was 1.70 million barrels per day (bbl/d) in 2014. The …
KazMunaiGas Publishes Operating Results for the 9M 2014
KazMunaiGas Exploration Production announces its operating results for the first nine months of 2014. KMG EP produced 9,217 thousand tonnes of crude oil (249 kbopd), including the Company’s stakes in Kazgermunai (KGM), CCEL and PetroKazakhstan Inc. (PKI), which is slightly below the same period of 2013. Ozenmunaigas JSC (OMG) produced …