KazMunaiGas Announced Operating Results 1H of 2009
OREANDA-NEWS. August 03, 2009. KazMunaiGas Exploration Production (Astana), shares of which are present in Kazakhstan Stock Exchange (KASE) official list, provided to KASE the following press release, reported the press-centre of KASE:
JSC KazMunaiGas Exploration Production ("KMG EP" or "the Company"), announced today that in the first half of 2009 it produced 5,673 thousand tonnes of crude oil (230.7 kbopd), which includes the Company's stakes in both JV Kazgermunai LLP ("Kazgermunai") and CCEL ("Karazhanbasmunai"). This is 226 thousand tonnes, or 3.8%, less than in the same period of 2008.
During the first half of the year 4,422 thousand tonnes of oil (179.8 kbopd) were produced at production facilities of Ozenmunaigas and Embamunaigas. This is 271 thousand tonnes, or 5.8% less than for the same period last year.
In 2009 the volume of production at Uzen and Emba was planned at 9.14 million tonnes (184.32 kbopd). In 2009 at Kazgermunai it is planned to produce 3.18 million tonnes (67 kbopd) and at CCEL - 1.8 million tonnes (33 kbopd). KMG EP owns 50% stake in both companies.
According to preliminary data, in the first half of 2009 the Company supplied 4,334 thousand tonnes of crude oil to customers (176.2 kbopd), excluding the share in supply from Kazgermunai and Karazhanbasmunai. Of this amount, 3,580 thousand tonnes (145.6 kbopd) were exported.
The Company's share in the sales volumes from Kazgermunai and CCEL was 1,176 thousand tonnes of crude oil (47.4 kbopd) in the first half of 2009, including 1,022 thousand tonnes (41.1 kbopd) supplied to export markets. This represents 1.8% and 1.9% increase compared to the same period of 2008 respectively.
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