KMG EP Appoints Abat Nurseitov as New Chief Executive Officer
JSC “KMG EP” announces that Abat Nurseitov has been appointed the General Director (CEO) by the Board of Directors. Abat Nurseitov previously worked as the Deputy General Director for Production. He has succeeded Alik Aidarbayev who resigned due to his appointment as Akim of Mangistau region. The newly appointed CEO …
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), …
KMG EP, CEO Alik Aidarbayev, Resigns and Becomes Akim of Mangistau
JSC KazMunaiGas Exploration Production confirms that on 18th of January 2013 the General Director (CEO) of the Company Alik Aidarbayev has resigned due to his appointment as Akim of Mangistau region by the decree of the President of Kazakhstan Nursultan Nazarbayev. The announcement on the appointment of a new CEO …
KMG EP Complete $263m Share Buy Back Programme
JSC KazMunaiGas Exploration Production announces that on the 31 December 2012 the share buy back programme is completed. As announced earlier, the Board of Directors had approved the buyback programme of its common shares and global depositary receipts (GDRs) up to an aggregate value of US$300 million. During the whole …
KMG EP Announces Operating Results for the First Nine Months of 2012
JSC KazMunaiGas Exploration Production announces that in the first nine months of 2012 it produced 9,108 thousand tonnes of crude oil (246 kbopd), including the Company’s stakes in Kazgermunai (KGM), CCEL and PetroKazakhstan Inc. (PKI) which is 100 thousand tonnes or 1% less than in the same period of 2011. …
KMG EP 6 Month Figures Hurt by Strike Action
JSC KazMunaiGas Exploration Production announces that in the first six months of 2012 it produced 6,057 thousand tonnes of crude oil (248 kbopd), including the Company’s stakes in Kazgermunai (KGM), CCEL and PetroKazakhstan Inc. (PKI) which is 254 thousand tonnes or 4% less than in the same period of 2011. JSC Uzenmunaigas (UMG) …
KMG EP Announces Operating Results for the First Quarter of 2012
JSC KazMunaiGas Exploration Production announced that in the first three months of 2012 it produced 3,029 thousand tonnes of crude oil (249kbopd), including the Company’s stakes in Kazgermunai (KGM), CCEL and PetroKazakhstan Inc. (PKI) which is 143 thousand tonnes or 5% less than in the same period of 2011. Uzenmunaigas …
KMG Update on the situation at Uzenmunaigas
KazMunaiGaz Exploration Production (“KMG EP” or “the Company”) provides the following update on the situation at the Uzenmunaigaz (UMG) production facility in Zhanaozen (Mangystau region). As a result of the industrial action that commenced on 26 May 2011 the total loss of oil production to date amounts to 150 thousand …
KazMunaiGaz Exploration Production reports the loss in daily oil production caused by the labour action at Uzenmunaigas
KazMunaiGaz Exploration Production reports the loss in daily oil production caused by the labour action at Uzenmunaigas (UMG) production facility in the city of Zhanaozen (Mangistau region). Some of the UMG workers, especially from the transportation unit did not come to work which disrupted normal well servicing and well workover …
NC KMG and KMG EP have signed a Memorandum on possible participation in offshore blocks on the Caspian sea
NC KazMunaiGas and JSC KMG EP have signed a Memorandum of Understanding providing KMG EP with access to the detailed geophysical, financial and economic data of a number of oil and gas projects, including those located in the Kazakhstan sector of the Caspian sea. The list of projects includes, in …