KazMunayGas Allocated More Than 60 Billion Tenge for the Rehabilitation Project for the Uzen and Karamandybas Fields
The Chairman of the Board of KazMunayGas (KMG) M. Mirzagaliev held a meeting on the project for the rehabilitation of the Uzen and Karamandybas fields. Project budget for 2023-2024 amounted to 68 billion tenge (about 154 million US dollars). This was reported by the KMG press service. Participating in the meeting …
Volga Gas: Hits Potentially Significant Discovery
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to announce a potentially significant discovery of a new oil field in its ongoing exploration drilling programme. As announced on 14 August 2020 and in the Interim Report released on …
Volga Gas: Reducing CAPEX Spending, Slim Hole Drilling Program Offsets Production Decline
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to provide the following update on its 2020 development and exploration drilling activities and to provide information on plans for the remainder of the year. Drilling activities in the …
Kazakhstan: A Market of Possibilities for Russian Oilfield Service Companies
In August, 2016 the Ministry of Energy of Kazakhstan shared its plans for abandonment of 126 offshore Caspian wells before 2019. And this is just the tip of the issue. The majority of the countries land wells are out-of-date and their rate of decline is accelerating. In Kazakhstan, it is …
KMG EP: Board Recommends Not to Pay a Dividend on Ordinary Shares
KMG EP Board of Directors revised the 2016 budget and recommend dividend for 2015 JSC KazMunaiGas Exploration Production held its regular Board of Directors meeting. During this meeting, the Board approved the revised budget for 2016, recommended a dividend payment on 2015 earnings and approved the agenda items for the …
Ozenmunaigas: Fails to Secure MET Relief for the Uzen and Karamandybas Fields
KazMunaiGas Exploration & Production announces that Ozenmunaigas’ (“OMG”) request to temporarily have Mineral Extraction Tax (MET) relief for 2015, approved for the Uzen and Karamandybas fields in Mangystau Province, has not been approved by the Kazakh Government. In a low oil price environment, the Kazakh Government has the ability to …
Volga Gas: New Vostochny Makarovskoye Side Track Comes On Stream as Gas Plant Nears Capacity
Volga Gas plc, the oil and gas exploration and production group operating in the Volga Region of Russia, is pleased to provide the following update on its operations. Vostochny Makarovskoye (“VM”) field As of 11 December 2015, the VM#4 well, in which the Group drilled a successful sidetrack earlier in …