JSC KazMunaiGas Exploration Production
17, Kabanbai Batyr ave.
Astana, 010000
Republic of Kazakhstan
Tel: +7 (7172) 90-75-47
KazMunaiGas Exploration Production JSC is a subsidiary of National Company KazMunayGas, a state-owned oil and gas company of Kazakhstan.
KMG EP was founded in March 2004 by the merger of two hitherto joint stock companies, Uzenmunaigas and Embamunaigas. JSC KazMunaiGas Exploration Production (KMG EP) produces crude oil, natural and associated gas from its hydrocarbon reserves onshore in Kazakhstan. The Company also has an active exploration programme to maintain and grow its reserve base.
KMG EP has preferential access to exploration acreage due to its relationship with the Kazakh Government and the parent company. Together with the pre-emption rights to acquire existing oil and gas assets offered for sale, the Company has access to new areas obtained by NC KMG via direct negotiations with the government. Such advantage allows the Company to replenish its exploration portfolio and to compete effectively with the largest transnational oil corporations.
The Company maintains that the potential for exploration in Kazakhstan is considerable, both offshore and onshore. KMG EP is currently carrying out offshore exploration in the areas of Liman, Taisogan, R-9 and also in the areas neighbouring the Uzen and Karamandybas fields. Onshore the country has been well explored down to a depth of 3 – 3.5 kilometres. KMG EP believes, however, that there are large potential resources lying beneath that depth, particularly in the subsalt horizons.
The core production assets of the KMG EP consist of two main divisions: JCS UzenMunaiGas (UMG) and JCS EmbaMunaiGas (UMG).
KEYFACT Energy