Kazakstan, Astana, Nov.5 / Trend, A.Maratov /
JSC KazMunaiGas Exploration Production ("KMG EP" or "the Company") has been ranked 47th out of 91 Exploration & Production companies in EMEA (Europe, Middle East, Africa) and has achieved a ranking of 101 on overall global performance according to the Platts Top 250 Global Energy Companies Rankings, the company said.
"KMG EP is proud to become the first company from Kazakhstan to feature in the Platts Global Rankings," KMG EP CEO Kenzhebek Ibrashev said
The Platts Top 250 Global Energy Companies Rankings are based on a combination of assets, revenues, profits and return on invested capital.
To be ranked, companies also must have assets greater than US$3bn, and must be publicly listed.
KMG EP is among the top three Kazakh oil and gas producers.
The overall production in 2009 was 11.5mmt (an average of 232kbopd) of crude oil, including the Company's share in Kazgermunai and CCEL. The volume of proved and probable reserves (2P) of KMG EP as at the end of 2009 was 234mmt (1.7bn barrels); while including the share of reserves from associates and joint ventures, preliminary about 2.2 bn barrels.
The Company's ordinary and preferred shares are listed on Kazakhstan Stock Exchange and the GDRs are listed on The London Stock Exchange. The Company raised over US$2bn in its IPO in September 2006. In December 2009 International rating agency Standard & Poor's assigned KMG EP "GAMMA-6" level of the corporate governance and in July 2010 confirmed the Company's "BB+" corporate credit rating.