KazMunaiGas Exploration Production announces 2014 Q2 operating results

28.07.14 10:54
/KASE, July 28, 14/ – KazMunaiGas Exploration Production JSC (Astana), whose shares are officially listed on Kazakhstan Stock Exchange (KASE), has provided KASE with a press-release of July 23, 2014: quote - JSC KazMunaiGas Exploration Production ("KMG EP" or "the Company") announces its operating results for the first half of 2014, an update on the modernization programme, details of a memorandum signed with the environmental agency, information on the start of trial production on Liman block and an update on the decision on the sale of shares in Kazakh Oil and Gas Institute (KOGI). - The Company remains committed to its 2014 production plan of 8,170 thousand tonnes (165 kbopd) for Ozenmunaigas JSC (OMG) and Embamunaigas JSC (EMG). - As part of the modernization programme, two units have been put into operation. - Trial Production at the Novobogat SE field (suprasalt) of the Liman Block has been initiated. - A Memorandum of Cooperation to support environmental measures was signed. - The Company has decided to sell its shares in the Kazakh Oil and Gas Institute. unquote The full press-release is available on KASE website at http://www.kase.kz/files/emitters/RDGZ/RDGZ_2014-07-23.pdf [2014-07-28]