/KASE, January 17, 12/ - LLP "Zhaikmunai" (Oral), whose bonds are officially
listed at Kazakhstan Stock Exchange (KASE), has provided to KASE the
following communique of January 16, 2011:
quote
Zhaikmunai LP (LSE: ZKM), the oil and gas exploration and production enterprise
based in north-western Kazakhstan is pleased to report that it has now reached
stable operations at 42,000 boepd following the gradual production ramp-up of its
Gas Treatment Facility (GTF). The company expects to reach peak production
levels of 48,000 boepd by the end of Q1/2012.
Production Capacity, Product Mix and Sales
- Zhaikmunai's overall daily production currently stands at 42,000 boepd (15
January 2012). Crude oil and stabilised condensate currently account for
18,900 boepd of production, LPG accounts for 2,520 boepd of production, and
the remainder 20,580 boepd is dry gas. Production is realised from eight gas
condensate wells and twelve oil wells respectively.
-----------------------------------------------------------
Products Volumes Percentage
----------------------------------- ------------ ----------
Crude oil and stabilised condensate 18,900 boepd 45%
LPG 2,520 boepd 6%
Dry gas 20,580 boepd 49%
TOTAL 42,000 boepd 100%
-----------------------------------------------------------
- The GTF is currently producing 35,200 boepd. This level will increase to a
maximum capacity of 40,000 boepd following the planned mid-February 2012
connection of another gas condensate well, Well #401. This well has already
been drilled and successfully tested. The necessary connection infrastructure
will be completed in the course of the ensuing four weeks.
- Oil Treatment Facility (OTF) production will equally be maximised to reach its
peak level of 8,000 bbl per day in the course of Q1/2012 resulting in a total
production of 48,000 boepd. This will follow the planned March 2012
connection of two more oil wells, Well # 24 and Well # 116. Both wells are
currently being drilled, tested and completed.
- The company expects the proportion of liquids to increase over the coming
months as production reaches its full capacity.
unquote
The full press-release is available on KASE website, at:
-
http://www.kase.kz/files/emitters/ZHMN/nl_zhmn_resh_160112.pdf - in
Russian;
-
http://www.kase.kz/files/emitters/ZHMN/nl_zhmn_resh_160112_e.pdf - in
English.
[2012-01-17]