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JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production

Kazmunaigas Exploration Production · Oct 10, 2011 · 38 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 1
    JSC KazMunaiGas Exploration Production Investor Meetings October 2011
  2. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 2
    KMG EP Investment Case Republic of Kazakhstan The largest listed Kazakh oil producer 100% Preferential access to reserves and Holding Samruk-Kazyna infrastructure through NC KMG 100% Corporate governance in line with…
  3. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 3
    KMG EP today vs IPO 2006 IPO 2011 Cash returned US2bn (US1bn to Strategy 2006: to shareholders minority shareholders) Grow through M&A and Exploration since 2006 Maintain production and reduce costs at l legacy assets t Net cash…
  4. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 4
    2011-2020 Strategy Maximisation of shareholder value Reserves increase Production increase Profitability improvement M&A Onshore exploration Offshore projects Onshore consolidation in Organic growth top priority Target:…
  5. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 5
    Agenda for the near term Conduct Enter Enhance aggressive Continue offshore performance of exploration in M&A business mature fields Kazakhstan 6
  6. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 6
    Enhance performance of mature fields Production and capex profile* 16.0 Production costs, US/bbl 192 192 191 1,000 181 200 14.0 177 14 0 14.0 900 180 161 800 160 12.0 700 140 614 10.0 562 8.4 8.3 600 120 USm…
  7. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 7
    Exploration overview Recent exploration activity: Current exploration asset Pending acquisition Assets under MoU with NC KMG 2009 2010 2011E Overall expenditure, US m 17 47 150-180 Fedorovsky block Stepnoi Leopard Temir Number of…
  8. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 8
    Kazakhstan exploration potential Kazakhstan borders Oblasts borders Sedimentary basins Kazakhstan Sedimentary y basins Precaspian Usturstko-Buzashinskiy Mangishlakskiy Aralskiy Syrdariynskiy South Turgai North…
  9. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 9
    Offshore opportunities KMG EP and NC KMG signed Memorandum providing access to the following offshore blocks in RK: Zhambyl Godina Water depth: 4-9 m Water depth: 20-50 m Acreage: 1,935 m2 Acreage: 425 m2 Ustyurt 1 (former…
  10. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 10
    Acquisitions Past performance Targeted approach Acquisition Dividend Production price cash payback Acquisitions Year Impact IRR 15% component(2) as of today(3) FY10(1) USm USm Preferential access to onshore assets in KZ KGM…
  11. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 11
    Cash balance development Past performance Possible uses of cash 10,000 4,426 5,000 3,905 3,835 Maintenance capex US2bn 8,000 3,020 3,404 4,000 2,615 3,000 Exploration expenditures US1bn 6,000 4,595 4,332 4,736 4,683 3,085…
  12. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 12
    Well diversified cash allocation As at 31/12/09 As at 30/06/11 Cash and financial assets US4 US4.3bn 3bn Cash and financial assets US4.7bn 13
  13. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 13
    Production growth outlook - M&A - Exploration Completed acquisitions UMG rehabilitation UMG and EMG current profile The chart not to scale, intended to illustrate direction of expected trends 14
  14. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 14
    Operating Activity 15
  15. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 15
    KMG EPs producing assets Pavlodar refinery Atyrau refinery Embamunaigas PetroKazakhstan Karazhanbasmunai Kazgermunai Uzenmunaigas Shymkent refinery Oil pipelines Refinery 16
  16. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 16
    Legacy assets review Steps to increase Production production by new decrease drilling g and Cost increase enhanced recovery Labour Period of actions underinvestment Reserves, 2010 yearend UMG EMG Total 1P, mmbbl 452 149…
  17. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 17
    Uzen field Well stock, end of 2010 Production - 3,613 wells In 2010 - 19% of well stock In average, each well was repaired Injection - 1,204 wells had undergone workover 2.7 times in 2010 Average well flow rate - 39 bopd Average…
  18. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 18
    Enhance performance of mature fields kbopd wells kbopd wells Actual Plan Rehabilitation of Uzen field Current situation: Short-term measures: (from 2012): g Contracts termination of illegal p Optimisation and Sh…
  19. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 19
    Technological base for modernization of mature assets Collecting and interpreting data Modern technologies Modelling Technology Effect Territorial database Telecontrol T l t l system t for f O ti i ti off underground…
  20. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 20
    Kazgermunai 5 oilfields: Akshabulak (Central, South kbopd USm and East), Nuraly and Aksai Gas utilization program implementation is at final stage: completed construction of second facility for gas utilization with a capacity of…
  21. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 21
    Karazhanbasmunai (CCEL) One of the biggest oilfields of Kazakhstan kbopd USm High g lifting g costs Long reserves life Low L capex requirements i t Hot steam technology Average well flow rate 23 bopd Start of production…
  22. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 22
    PetroKazakhstan Inc. 100% PKKR, 50% Turgai kbopd Petroleum, 50% KGM USm Exploration upside: 2P reserves of Kolzhan field 55 mmbbl Low lifting costs Low capex requirements Average well flow rate 271 bopd Start of production…
  23. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 23
    Exploration Overview 24
  24. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 24
    Exploration Strategy Supplemental pp Short-term Long-term g exploration and portfolio portfolio exploration of expansion expansion existing projects program program Maintain Increase recoverable reserve Acquisitions and…
  25. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 25
    Supplementary exploration and exploration of the existing projects FEDOROVSKY ZHARKAMYS EAST I North-Kazakhstan oblast TEMIR Kostanai Pavlodar NORTH SEA TAISOIGAN Akmola oblast oblast oblast LIMAN West ASTANA Kazakhstan oblast…
  26. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 26
    Short-term portfolio expansion program KARPOVSKY NORTH Northern Kazakhstan TEPLOVSKO- O S O bl t oblast TOKAREVSKOYE URIKHTAU Kostanai Pavlodar Akmola oblast oblast oblast West - ASTANA Kazakhstan oblast East Kazakhatsn…
  27. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 27
    Long-term portfolio expansion program Northern Kazakhstan oblast bl t Kostanai Pavlodar Akmola oblast oblast oblast West ASTANA SARAISHYK Kazakhstan oblast PRIMORSKY East Kazakhatsn oblast Atyrau S-1 oblast Aktobe…
  28. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 28
    Liman Geological data: Post-salt, Middle Trias with terrigenous reservoir Works performed: 2008-2010: 2D seismic on 800 km New reservoir discovered at Novobogat South East based on well G-1 drilling 2011: 3D seismic of 165…
  29. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 29
    Karaton-Sarkamys Geological data: Exploration block area: 2,462 km2 13 structures identified post post-salt salt Deposits depth forecasted to be within 1,500-3,000m. Block accommodates 15 oil&gas fields confined to salt domes (7…
  30. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 30
    Ozen-Karamandybas N Geological data: Mangistau Oblast Exploration block area: 2,100 km2 E. Burmasha 11 structures identified in the Mesozoic as a total B d i1 Bodrai-1 Deposits depth: 650 650-2 2,300 300 m Moldybai (2200 m)…
  31. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 31
    Zharkamys East I N Aktobe Oblast E. Akzhar Geological data: Zhanatan Prospect identified in the pre-salt (carbon), in carbonate reservoir -II Zharkamys Karatobe Works performed: East I Laktybai 2011: Scheduled 2D/3D for 2011…
  32. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 32
    Fedorovskiy block 50% LEGEND Block N Geological data: Prospect Oilfield Russian New gas condensate field discovered in pre-salt carbonates Well Federation Federation Reserves appraisal pp in p progress g Chinarevskoe Works…
  33. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 33
    Current exploration program (including supplemental exploration and short-term portfolio expansion) Estimated cumulative additions Geological exploration costs, USm of recoverable reserves, mmbbl 1,462 375 1,398 1,358 341 331…
  34. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 34
    Scheduled scope of geological exploration works Scheduled scope of geological exploration works Forecast recoverable reserves increment, mmbbl Liman 2011 2012 2013 Total contingent 2 2 No. wells Low 10 4 10.4 firm 2 2 4…
  35. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 35
    Appendix 36
  36. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 36
    Onshore M&A potential in Kazakhstan Production 2010 in Kazakhstan Non producing Kashagan Exploration assets 37
  37. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 37
    Current project under negotiation: Mangistaumunaigas NC KMG and KMG EP are in the process of negotiating the deal MMG Stepnoi Leopard 2P Reserves (100%) - 577 mmboe(1) TP (16.5%) EMG PKKR (16.5%) KGM (66.5%)(6) 2010 Production…
  38. JSC KAZMUNAIGAS EXPLORATION PRODUCTION INVESTOR MEETINGS – Kazmunaigas Exploration Production – slide 38
    Reference Information Share information, 20/09/2011 Contacts Total Treasury Corporate website: www.kmgep.kz Number of ordinary shares 70,220,935 1,782,318 Number of preferred shares 4,136,107 1,885,138 Investor relations e-mail:…

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