JSC KazMunaiGas Exploration p Production Roadshow April 2012 11
KMG EP at glance The largest Kazakh oil producer listed on LSE and KASE Preferential access to reserves and infrastructure through NC KMG KGM C Corporate t governance ini liline with ith iinternational t ti l EMG standards…
Recent developments Net income in 2011 US1.4bn (-11%), production 7.9 mt or 159kbopd (-10%), export sales decreased by 16% 1Q2012 production was 1.9 mt (156kbopd), which is 5% less than in 4Q2011. Export sales increased by 7%…
Organisational changes Samruk-Kazyna Changes in top management 100% LSE/KASE NC KMG Changes in top management Staff reduction 37% 63% Including CIC 11% Changes in top management KMG EP Staff reduction Sta educt o 50%…
2011-2020 strategy Maximisation of shareholder value Reserves increase Production increase Profitability improvement Onshore Mature assets Offshore projects M&A exploration Restoring and maintaining of Agreement with…
Cash and financial assets Cash and financial assets US4.8 bn. Possible use of cash over 3 years as at 31.12.2011 Core assets capital p expenditures: p Existing business plan: 2bn Preliminary estimates of additional expenditures…
KMG EP production assets overview Core mature assets Joint ventures (net working interest) Uzenmunaigas (UMG) and Embamunaigas (EMG) 2P reserves as at 31/12/11: 80mmbbl 2P reserves as at 2011 year end 1 1.7bn 7bn bbl KGM Production…
Challenging production plan at UMG in 2012 Number of wells and production 3 500 3 260 3 152 3 001 2 987 2 795 Increase in quantity 25 3 000 Unfavorable and qquality y of Production recover weather conditions repair 2 500 20…
Mature assets modernisation Development Drilling Production Workover further examination of sidetracking video and GPS construction of 2 Uzen field, update of field drilling of 2 horizontal monitoring subsurface equipment…
First steps Projects Purpose Construction of two units Increase in between overhaul periods; for diagnostics and repair of subsurface equipment Increase in level of industrial end environmental safety; Improvement of labour…
Expected modernisation results Production and Capex profile, EMG & UMG* 200 Uzen field production increase above 188 189 182 185 1 400 177 174 180 120kbopd, consolidated production at Uzen 159 and Emba above180 kbopd 1 200 160…
Existing and prospective exploration projects NORTHERN KAZAKHSTAN (SOUTH OF WESTERN SIBERIA) FEDOROVSKIY ZHARKAMYS EAST I KARPOVSKY N. N. KAZAKHSTAN TEPLO TEPLO- TOKAREVSKOE PAVLODAR TEMIR Kostanay AKMOLINSK REGION REGION…
Abbreviations list bbl barrel mmbbl million barrels bn bbl billion barrels bopd barrels per dayy kbopd thousand barrels per day US m million US dollars US bn billion US dollars KZT bn billion Tenge NC KMG National N ti lC Company…