Azerbaijan, Baku, April 4 / Trend E. Kosolapova/
The Kazakh oil and gas exploration and production enterprise Zhaikmunai LP increased proven reserves of its Chinarevskoye oil field in north-western Kazakhstan by 15.1 percent as of December 31, 2011, the company reported on Wednesday.
The report on Chinarevskoye field's proven reserves was prepared by Ryder Scott Company's petroleum consultants.
According to the report, Chinarevskoye field's proven reserves hit 169.1 million barrels of oil equivalent compared to 143.5 million barrels of oil equivalent as of December 31, 2010.
Meanwhile, Zhaikmunai's total probable reserves decreased from 395.1 million barrels of oil equivalent in 2010 to 352.4 million barrels of oil equivalent in 2011. The company's proved plus probable reserves fall from 538.6 million barrels of oil equivalent in 2010 to 521.6 million barrels of oil equivalent in 2011. According to the company, proved plus probable reserves decreased as a result of the production as of 2011 and some small adjustments on all reservoirs.
Zhaikmunai is an independent oil and gas enterprise currently engaging in the exploration and development and production of oil and gas. It is listed on the London Stock Exchange (Ticker symbol: ZKM). Its principal producing asset is the Chinarevskoye Field.
The company's average daily production hit 13,158 barrels of oil equivalent in 2011. Total production amounted to 4,802,561 barrels of oil equivalent in 2011.