/KASE, October 17, 11/ - Zhaikmunai (Uralsk), bonds of which are officially
listed on Kazakhstan Stock Exchange (KASE), provided to KASE the following
press release of October 14, 2011:
quotation
Zhaikmunai LP (LSE: ZKM), the oil and gas exploration and production
enterprise based in north-western Kazakhstan is pleased to report further
progress with its Gas Treatment Facility (GTF) as both GTF "Train 1" and
GTF "Train 2" are now in operation.
Both trains of GTF fully functional
The Gas Treatment Facility (GTF) allows Zhaikmunai to treat gas condensate
from its wells as well as associated gas from its Oil Treatment Unit (OTU)
into a mix of new products, i.e. stabilised condensate, LPG and dry gas.
These products complete the current crude oil offering.
The GTF is composed of two gas treatment trains ("Train 1" and "Train 2"), each
with a capacity of 850 mmcm per year. Both trains are currently operational and
all GTF products are on-spec.
Over recent weeks, production capacity of crude oil and GTF products
(stabilised condensate, LPG and dry gas) has reached higher range values,
albeit intermittently, which is characteristic of any ramp-up process. It
is expected to gain in consistency as final production flow adjustments are
being made. The production ramp-up process with the aim of the GTF reaching
its design production levels is scheduled to continue steadily over the
coming weeks.
ends
The press release full version is available on KASE website at:
-
http://www.kase.kz/files/emitters/ZHMN/zhmn_reliz_141011.pdf - in Russian;
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http://www.kase.kz/files/emitters/ZHMN/zhmn_reliz_141011_e.pdf - in English.
[2011-10-17]