KazMunaiGas Exploration Production reports Q1 2018 operating results

25.04.18 17:07
/KASE, April 25, 2018/ – KazMunaiGas Exploration Production (Astana), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided the KASE with press release dated April 25, 2018, which states as follows: quote SC KazMunaiGas Exploration Production (“KMG EP” or “Company”) announces its operating results for the first quarter of 2018. Production KMG EP, including its stakes in Kazgermunai (“KGM”), CCEL (“Karazhanbasmunai”) and PetroKazakhstan Inc. (“PKI”), produced 2,898 thousand tonnes of crude oil (238 kbopd) for the first quarter of 2018, at the same level compared to the same period of 2017. In the first quarter of 2018, Ozenmunaigas JSC (“OMG”) produced 1,350 thousand tonnes (110 kbopd), a 1% increase as compared to the same period of 2017. Embamunaigas JSC (“EMG”) produced 695 thousand tonnes (57 kbopd), which is 1% more than in the same period of 2017. The total oil production volume of OMG and EMG was amounted to 2,046 thousand tonnes (167 kbopd), a 1% increase compared to the same period of 2017. The Company’s share in production from KGM, CCEL, and PKI for the first quarter of 2018 amounted to 852 thousand tonnes (71 kbopd) of crude oil, which is 3% less than in the same period of 2017. This was mainly driven by the natural decline in oil production at PKI and KGM. unquote Full version of the press release is posted on the KASE website – http://kase.kz/files/emitters/RDGZ/rdgz_reliz_250418_1.pdf [2018-04-25]