Baku, Azerbaijan, Sept. 28
By Elena Kosolapova - Trend:
The board of directors of Kazakh KazMunaiGas Exploration Production (KMG EP) has revised oil production plan for 2015, said the message released Sept.28.
Planned production in 2015 is expected to be 5.530 million tons (112,000 barrels a day) from OzenMunaiGas JCS (OMG), 52,000 tons or 1 percent more than the planned volume approved in May. Upwards revision of the production plan at OMG is due to both production drilling being ahead of schedule from the beginning of the year at OMG fields, as well as the planned drilling of an additional 57 wells.
The production plans at EmbaMunaiGas JSC (EMG) remain unchanged and is expected to be 2.800 million tons (56,000 barrels a day). Therefore, the total planned production volume in 2015 from OMG and EMG is expected to be 8.33 million tons of oil (168,000 barrels a day).
The company's share in the planned production of Kazgermunai (KGM), CCEL (CCEL) and PetroKazakhstan Inc. (PKI) in 2015 remains unchanged at 1.499 million tons (32,000 barrels a day), 1.05 million tons (19,000 barrels a day) and 1.439 million tons (31,000 barrels a day), respectively.
The company has revised its domestic and export supply volumes planned for 2015.
The company expects to supply 916,000 tons (18,000 barrels a day) to Russia, substituting export supplies, of which 566,000 tons (11,000 barrels a day) were supplied in the first half of 2015.
Planned volume of oil supply to the domestic market in 2015 remains unchanged at 2.340 million tons (47,000 barrels a day). It is expected currently that 110,000 tons will be redirected from Pavlodar refinery to Atyrau refinery. As a result 2.01 million tons (40,000 barrels a day) of oil will be supplied to the Atyrau refinery and 330,000 tons (7,000 barrels a day) to the Pavlodar refinery. As planned earlier an additional 100,000 tons of oil will be processed at the Atyrau refinery for the company's own use.
Prices for domestic supply have yet to be approved by independent directors.
It is expected that the company's share in the volume of oil supply to the domestic market in 2015 from KGM, CCEL and PKI will increase to 2.1 million tons (43,000 barrels a day) or 52 percent of total sales from these companies. As previously planned, KGM and PKI will supply oil to the Pavlodar and Shymkent refineries and CCEL will supply oil to the Aktau bitumen plant.
KMG EP is among the top three Kazakh oil producers.
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