• usd 0.00%
  • eur 0.00%
  • rub 0.00%
  • gbp 0.00%
  • cny 0.00%
16 Января, 2020 15:04

EmbaMunayGas increasing its reserves

Upon the instruction of President of Kazakhstan, Kassym-Jomart Tokayev, on enhancing geological exploration, EmbaMunayGas (“EMG”), a subsidiary of KazMunayGas, significantly increased the reserves of the hydrocarbon resource base in 2019, made possible thanks to additional exploration of existing fields, KazMunayGas’s press service reports.

EmbaMunayGas increasing its reserves | Strategy2050.kz

EMG’s residual recoverable oil reserves as of 01.01.2020 amount to 86.2 million tons (74.3 million tons as of 01.01.2019).

“In 2019, the State Commission on Mineral Reserves approved and accepted oil reserves in the amount of 14.8 million tons for the existing fields: S. Nurzhanov, Kenbay (Moldabek Vostochnyi), Dosmukhambetovskoye, Botakhan and the newly discovered Karasor Zapadnyi field (1.4 million tons). The increase was achieved as a result of a rational approach to developing mature fields and conducting active exploration using new methods and technologies,” Anuar Zhaksybekov, Chairman of the EMG Board, said.

Also, EMG completed the large-scale field seismic surveys at the Taisoigan site covering 5600 sq.km. Currently, processing and interpretation of the obtained data is being carried out to set up perspective structures exploration drilling.

KazMunayGas National Company specializes in exploring, producing, processing and transporting hydrocarbons, with its shares divided between Samruk Kazyna National Welfare Fund and the National Bank of Kazakhstan - 90.42% and 9.58% respectively.

chronicle 2050

SMEs will make up at least 50% of the GDP

abour productivity will reach up to $126 000 and 3 to 6 y.o. kids will have 100% access to pre-school education in Kazakhstan.

Kazakhstan will fully satisfy its own market of POL in compliance with the new environmental standards

The share of non-primary exports in total exports will double and triple by 2040

Transition to Latin graphics will commence

95% of the population will speak Kazakh

15% of the area under cultivation will make use of water-saving technologies.

The issue of providing water for irrigation will be resolve

GDP per capita will stand at $60 000

The urban population will represent 70% of the total population in Kazakhstan