Baku, Azerbaijan, Aug. 13
By Elena Kosolapova - Trend:
Kazakh KazMunaiGas Exploration Production JSC (KMG EP) has slightly increased oil production for 6 months of 2015, the company said Aug.13.
KMG EP, including its stakes in Kazgermunai (KGM), CCEL (CCEL) and PetroKazakhstan Inc. (PKI), produced 6.122 million metric tons of crude oil (250,000 barrels per day) in the first six months of 2015, an 0.3 percent increase over the same period of 2014.
Ozenmunaigas JSC (OMG) production increased by 4 percent to 2.722 million metric tons (111,000 barrels per day) in comparison with the same period of 2014, largely due to conducting geological and technical works to improve well efficiency.
Embamunaigas JSC (EMG) produced 1.385 million metric tons (56,000 barrels per day), slightly less than in the same period of 2014. The total volume of oil OMG and EMG produced was 4.107 million metric tons (167,000 barrels per day), a 2 percent increase compared with the same period of 2014.
The company's share in production from CCEL, KGM and PKI for the first six months of 2015 amounted to 2.015 million metric tons (83,000 barrels per day) which is 3 percent less than in the same period in 2014, due to the natural decline of production by 10 percent in PKI, in line with the production plan for 2015.
In the first six months of 2015, the company's combined export sales from Ozenmunaigas JSC and Embamunaigas JSC were 2.365 million metric tons (94,000 barrels per day) or 57 percent of the total oil sales volumes. Domestic sales amounted to 1.231 million metric tons (49,000 barrels per day) of which 1.101 million metric tons of oil (44,000 barrels per day) were supplied to the Atyrau Refinery from OMG and EMG; 96,000 metric tons of oil (4,000 barrels per day) were supplied to the Pavlodar Refinery from EMG and 34,000 metric tons (1,400 barrels per day) of oil products were sold after processing. Additionally, 566,000 metric tons of crude oil (23,000 barrels per day) were shipped to Russia to fulfill obligations under the counter-oil supply agreement between the Government of Kazakhstan and the Russian Government.
The company's share in the sales from CCEL, KGM and PKI was 1.977 million metric tons of crude oil (81,000 barrels per day), including 889,000 metric tons (36,000 barrels per day) shipped to export, which is 45 percent of the total sales volumes.
The domestic sales volume was 1.019 million metric tons (43,000 barrels per day) of which 683,000 metric tons (29,000 barrels per day) were supplied to the Pavlodar Refinery, 225,000 metric tons (10,000 barrels per day) were supplied to Shymkent Refinery, 39,000 metric tons (1,000 barrels per day) were supplied to Atyrau Refinery and 72,000 metric tons (3,000 barrels per day) to Aktau Bitumen Plant. 70,000 metric tons of crude oil (3,000 barrels per day) were shipped to Russia in order to fulfill obligations under the counter-oil supply agreement between the Government of Kazakhstan and the Russian Government.
KMG EP is among the top three Kazakh oil producers. The overall production in 2014 was 12.3 million metric tons (250,000 barrels per day) of crude oil, including the Company's share in Kazgermunai, CCEL and PKI. The company's total consolidated volume of proved and probable reserves including shares in the associates, as at the end of 2014 was 177 million metric tons (1.303 billion barrels), out of which 132 million metric tons (981 million barrels) relates to Ozenmunaigas, Embamunaigas, and Ural Oil and Gas (Rozhkovskoye field, Fyodorovskiy block).
---
Follow the author on Twitter: @E_Kosolapova
