Astana, Kazakhstan, Dec.10
By Daniyar Mukhtarov - Trend:
KazMunaiGas Exploration Production JSC (KMG EP) approved the budget for 2015, taking into account the price per barrel of $70 of the Brent oil at a meeting of the Board of Directors, said the message of KMG EP Dec.10.
The planned volume of production of Ozenmunaigas (OMG) for 2015 is 5.4 million metric tons (109,000 barrels per day), Embamunaigas JSC (EMG) - 2.8 million metric tons (57,000 barrels per day), according to the report.
The total planned production volume of OMG and EMG for 2015 is 8.2 million metric tons (166,000 barrels per day), which is 1 percent more than the planned production for 2014, the report said.
In addition, the share of KMG EP in the planned volume of oil production of companies Kazgermunai, Karazhanbasmunai and PetroKazakhstan Inc. for 2015 will amount to 4 million metric tons (81,000 barrels per day), which is 3 percent less than the planned production for 2014, and this is due to the natural decline in production of PetroKazakhstan Inc.
KMG EP is among the top 3 oil producers in Kazakhstan. The production volume of the company, including its shares in Kazgermunai, Karazhanbasmunai and PetroKazakhstan Inc. companies amounted to 12.4 million metric tons (251,000 barrels per day) in 2013.
Consolidated volume of proved and probable reserves of KMG EP, including its shares in joint ventures, as of the end of 2013 amounted to 200 million metric tons (1.5 billion barrels), 148.8 million metric tons (1.1 billion barrels) of which fall on Ozenmunaigas JSC, Embamunaigas JSC and Ural Oil and Gas LLP (Rozhkov oilfield, Fedorov block).