OREANDA-NEWS. On October 01, 2007 Exploration Production KazMunayGas JSC (Astana), shares of which are traded in Kazakhstan stock exchange's (KASE) category "a" official list, had spread the press-release in which the following is informed, reported the press-centre of KASE:

KazMunaiGas Exploration Production announced that the program of implementing SAP ERP has been successfully finalized.

The main objective of implementing SAP ERP is the creation of a multifunctional automated system of company management that works in real time and allows KMG EP to maintain efficient record keeping, reporting and monitoring functions of the business.

SAP ERP allows the Company to analyse  business activities; business results; finance management; sales; management of material flows; planning; and management of business contracts timely and efficiently.

Implementation of SAP ERP optimises and standardises business processes ensuring controlled access to company records and a flexibility of approach to information management. This creates a business and financial data archive that is crucial for the effective management and decision making process

NOTES:
KMG EP is the 2nd  largest Kazakh oil producing company with over 9,5 mmt (192 kbopd) of crude production in 2006 and 203,2 mmt (1,5 billion bbl) of proved and probable reserves at the end of 2006. The Company's shares are listed on Kazakhstan Stock Exchange and the GDRs are listed on London Stock Exchange. The Company raised approximately US$2 billion in its IPO in October of 2006.