/KASE, July 18, 12/ - JSC KazMunaiGas Exploration Production (Astana),
whose shares are officially listed at Kazakhstan Stock Exchange (KASE), has
provided KASE with the following press-release of July 18, 2012:
quote
JSC KazMunaiGas Exploration Production ("KMG EP" or "the Company")
announces that in the first six months of 2012 it produced 6,057 thousand tonnes
of crude oil (248 kbopd), including the Company's stakes in Kazgermunai (KGM),
CCEL and PetroKazakhstan Inc. (PKI) which is 254 thousand tonnes or 4% less
than in the same period of 2011.
JSC Uzenmunaigas (UMG) produced 2,467 thousand tonnes (100 kbopd), which
is 266 thousand tonnes less than in the first half of 2011. JSC Embamunaigas
(EMG) produced 1,376 thousand tonnes (56 kbopd), which is 7 thousand tonnes
less than in the same period of 2011. The total volume of the oil produced at UMG
and EMG is 3,843 thousand tonnes of oil (156 kbopd), which is 274 thousand
tonnes or 7% less than in the same period of 2011 and about 363 thousand tonnes
below the plan.
The production slowdown almost entirely can be attributed to UMG. The major
reasons for low production levels at UMG were adverse weather conditions in first
quarter, effect of wells idle time accumulated during labor action in 2011, as
well as obsolete infrastructure and equipment.
unquote
The full press-release is available on KASE website, at:
-
http://www.kase.kz/files/emitters/RDGZ/rdgz_reliz_180712_k.pdf - in Kazakh;
-
http://www.kase.kz/files/emitters/RDGZ/rdgz_reliz_180712.pdf - in Russian;
-
http://www.kase.kz/files/emitters/RDGZ/rdgz_reliz_180712_e.pdf - in English.
[2012-07-18]