OREANDA-NEWS. JSC National Company KazMunaiGas announces its operating results for the first six months of 2016.

Production of crude oil and gas condensate

In the first six months of 2016, the consolidated volume of oil and gas condensate production across the NC KMG group of companies amounted to 11,325 thousand tonnes, which is 0.4% less than in the same period of 2015.

JSC KazMunaiGas Exploration Production produced 6,083 thousand tonnes of oil, which is 0.6% less than in the first six months of 2015.

Tengizchevroil LLP, taking into account NC KMG’s share (20%) produced 2,878 thousand tonnes of oil, or 2% more than in the first six months of 2015.

JSC Mangistaumunaigas, taking into account NC KMG’s share (50%) produced 1,564 thousand tonnes of oil, or 1% more than in the first six months of 2015.

KMG Karachaganak LLP produced 485 thousand tonnes of oil or 10% less than in the same period of 2015, due to planned preventative maintenance works in 2016.

Kazakhoil Aktobe LLP, taking into account NC KMG’s share (50%) produced 196 thousand tonnes of oil in line with the 2016 plan, which is 11% less than in the same period of 2015.

Kazakhturkmunai LLP produced 110 thousand tonnes of oil or 9% less than in the same period of 2015, due to well shut-downs for technical reasons. Work is currently underway to bring well production back to its previous level.

JSC KazTransGas produced 10 thousand tonnes, or 17% more than in the same period of 2015 due to the commissioning of new wells in the Amangeldy field and the adjustment of production volumes on Zharkum field.

Gas production

In the first six months of 2016, consolidated production of natural gas across the NC KMG group of companies amounted to 2,385 Mcm, which 3% less than in the same period of 2015.

JSC KazMunaiGas Exploration Production (Kazakh Gas Refinery LLP) produced 154 Mcm, which is 9% less than in the same period of 2015 due to the natural decrease in production as the field is in the final stage of development.

Tengizchevroil LLP, taking into account NC KMG’s share (20%) produced 898 Mcm.

JSC Mangistaumunaigas, taking into account NC KMG’s share (50%) produced 107 Mcm, which is 6% more compared to the same period of 2015 due to the increase in its own needs associated with the commissioning of the “Kalamkas” gas turbine power plant.

KMG Karachaganak LLP produced 830 Mcm or 9% less than in the same period of 2015. The difference is due to planned preventative maintenance works in 2016.

Kazakhoil Aktobe LLP, taking into account NC KMG’s share (50%) produced 155 Mcm, 5% less than in the same period of 2015, due to decreased production levels.

Kazakhturkmunai LLP produced 80 Mcm or 12% more than in the same period of 2015, due to the commissioning of Zapadnyi Elemes-94 from the 2nd quarter of 2015.

JSC KazTransGas (Amangeldygas LLP) produced 161 Mcm or 10% more compared to the same period of 2015 due to the commissioning of new wells on Amangeldy field and the adjustment of the production level of the Zharkum field.

Oil and gas transportation

In the first six months of 2016, the volume of oil transported through pipelines amounted to 28,278 thousand tonnes. The volume of oil transported by JSC KazTransOil pipelines was 21,923 thousand tonnes, while 3,613 thousand tonnes were transported by Kazakhstan-China Pipeline LLP. Oil transported by ship amounted to 3,383 thousand tonnes.

The volume of gas transported through pipelines in the reporting period was 44,885 Mcm, including international gas transit of 30,330 Mcm. The volume of gas sales for export amounted to 6,301 Mcm, while domestic transportation amounted to 8,261 Mcm.