Operating Results of KMG EP for 2017
JSC KazMunaiGas Exploration Production (“KMG EP” or “Company”) announces its operating results for the year 2017. Production KMG EP, including its stakes in Kazgermunai (“KGM”), Karazhanbasmunai (“CCEL”) and PetroKazakhstan Inc. (“PKI”), produced 11,867 thousand tonnes of crude oil (240 kbopd) for 2017, a 2% decrease over 2016. Ozenmunaigas JSC (“OMG”) …
KMG EP: 2017 Q1 Results – Revenues Up 76% yoy As Oil Price Rebounds
JSC KazMunaiGas Exploration Production (“KMG EP” or “the Company”) announces its consolidated interim financial results for the first three months ended 31 March 2017. Revenue for the first quarter of 2017 was up 76% year on year and amounted to 214bn Tenge (US$663m[1]). This was largely a result of a …
KMG EP: 2016 Results – Total Production Down 2%
JSC KazMunaiGas Exploration Production announces its operating results for the year 2016. Production Overall, KMG EP, including its stakes in Kazgermunai (“KGM”), CCEL (“Karazhanbasmunai”) and PetroKazakhstan Inc. (“PKI”), produced 12,154 thousand tonnes of crude oil (245 kbopd) for 2016, a 2% decrease on 2015. Ozenmunaigas JSC (“OMG”) produced 5,555 thousand …
KMG EP: 2017 Budget Sees 15% CAPEX Spend Increase
SC KazMunaiGas Exploration Production (‘KMG EP’ or the ‘Company’) announces that its Board of Directors (‘the Board’) has approved the Company’s 2017 budget and 2017-2021 business plan. The budget for 2017 assumes a Brent price of US$45 per barrel and an exchange rate of 360 Tenge per US dollar. The …
KMG EP: Q1 2016 Results – 2P Reservers Up 15%
JSC KazMunaiGas Exploration Production announces its operating results for the first quarter of 2016. KMG EP produced a total of 3,043 thousand tonnes of crude oil (247 kbopd), which includes the Company’s stakes in Kazgermunai (KGM), CCEL (Karazhanbasmunai) and PetroKazakhstan Inc. (PKI), almost at the level of the same period of 2015. Ozenmunaigas …
KMG EP Approves 2016 Budget and 2016-2020 Business Plan
JSC KazMunaiGas Exploration Production announces the approval by the Board of Directors (“the Board”) of the Company’s 2016 budget and 2016-2020 business plan which assume the average annual Brent price of US$40.1 per barrel in 2016-2017, US$50.1 per barrel in 2018-2020 and an average annual exchange rate of 300 Tenge …
KazMunaiGas Exploration Production: 9M & 2015 Results – Profits Nearly Halved
JSC KazMunaiGas Exploration Production (“KMG EP” or “the Company”) announces condensed consolidated interim financial statements for the nine months ended 30 September 2015. – Net profit for the first nine months of 2015 was 138bn Tenge (US$703m[1]) compared with 242bn Tenge (US$1,357m) for the same period in 2014. A decline …
KazMunaiGas Exploration Production: 9M & 2015 Results – Profits Nearly Halved
JSC KazMunaiGas Exploration Production (“KMG EP” or “the Company”) announces condensed consolidated interim financial statements for the nine months ended 30 September 2015. – Net profit for the first nine months of 2015 was 138bn Tenge (US$703m[1]) compared with 242bn Tenge (US$1,357m) for the same period in 2014. A decline …
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 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 …