National Company KazMunaiGas informs on preliminary Q1 2010 operation results
April 21. KASE
On April 20, in Astana KazMunaiGas had an extended meeting to summarize Q1 2010 operational results.
In Q1 2010 the group’s output of oil and gas condensate reached 5.3 m tons, a 19.8 % increase on a year-to-year basis.
Delivery pipelines transported 16.4 m tons, a 7.2 % increase. 1.8 m tons were transported on sea, a 10.5 % increase. Oil cargo turn-over on delivery pipelines reached 9.4 bn tons-kilometers, a 4.8 % increase.
The group transported over 25 bn cubic meters of gas, a 4 % drop on a year-to-year basis.
The group processed 3.8 m tons of oil, a 65.5 % increase.
Consolidated revenues exceeded KZT502 bn, 7.5 % above the plan.
Consolidated profit reached KZT66.7 bn, almost two times exceeding the plan.
The group paid KZT101.6 bn taxes and budget payments, an over two time increase against Q1 2009.
The group procured KZT141.8 bn of goods and services from Kazakh companies (52% of the total sum KZT270.2 bn). The main share is works (KZT75.5 bn), with Kazakh suppliers constituting for 64% (KZT48.09 bn). KZT38.5 bn services (54% of the total amount spent for services), and KZT55.26 bn goods (45%) were purchased from Kazakh companies.
* * *
KazMunaiGas Exploration Production (Kazakhstan) announced Y2010 quarter I operation results
April 21. KASE
JSC KazMunaiGas Exploration Production (KMG EP or the Company), announces that according to preliminary data in the first three months of 2010 it produced 3,183 thousand tonnes of crude oil (262 kbopd) including the Company’s stakes in Kazgermunai (KGM), CCEL and PetroKazakhstan Inc. (PKI), which is 440 thousand tonnes or 16% more than in 2009. The increase in production results from the acquisition of 33% stake in PKI, which accounts for 487 thousand tonnes.
In the first quarter, 2,085 thousand tonnes of oil (171 kbopd) were produced at production facilities of Uzenmunaigas and Embamunaigas, which is 41 thousand tonnes or 1.9% less than for the same period last year. The decline in production was mainly caused by the failure to perform well service operations and oilfield equipment repair on time amid a strike by Uzenmunaigas workers over the period from March 4 through March 18 when some of the workers refused to get back to work.
According to preliminary data, in the first three months of 2010 the Company sold 2,077 (170 kbopd) thousand tonnes of crude oil (excluding the share in sales of KGM, CCEL and PKI), of which 1,717 thousand tonnes (140 kbopd) were exported.
In the first 3 months of 2010 KMG EP’s the stake in production of KGM (50%), CCEL (50%) and PKI (33%) amounted to 1,098 thousand tonnes.