KazMunayGas Exploration Production JSC was created through the merger of JSС Uzenmunaygas and JSС Embamunaygas in March 2004. KMG EP is a subsidiary of NC KMG.
The Company’s shares are listed on Kazakhstan Stock Exchange and the GDRs are listed on London Stock Exchange. The Company raised approximately US$2 billion in its IPO in September of 2006.
KMG EP develops 41 fields in Western Kazakhstan, the largest being the Uzen field - in production since 1965.
At the end of 2008, proved plus probable oil reserves were estimated to be 241 million tons (1 775 million barrels), with an estimated reserves life of 25 years at 2008 production levels.
KMG EP has reached agreements that provide guaranteed access to the Uzen-Atyrau-Samara (UAS), which provides the main part of Company’s export, and pipeline and the Caspian Pipeline Consortium (CPC) pipeline which is the most profitable route of KMG EP’s oil sales.
Acquisitions of new assets is the major element of the Company’s Policy. In April 2007 KMG EP acquired a 50% stake in JV Kazgermunay LLP. In December 2007 KMG EP acquired a 50% stake in CCEL (Karazhanbasmunay) and in December 2009 the Company acquired 33% in PetroKazakhstan Inc - all that resulted in the increase of production and significant increase in oil reserves.
KMG EP has developed and successfully implements social program which includes social partnership, education projects, sponsorship and support for employees and their families. The main priority of the Company is environment protection responsibility in the operations regions.
010000, the Republic of Kazakhstan, Astana
17, Kabanbay Batyr ave.
Tel.: +7 (7172) 979 997
Fax: +7 (7172) 977 426
Tel.:+7 (7172) 977 600
Fax: +7 (7172) 977 924
For more detailed information visit www.kmgep.kz