This is 178 thousand tonnes, or 7.7%, less than for the same period last year.
The decrease in production by 3.8% was forecast in the company’s budget for 2009. The volume of production at Uzen and Emba was planned at 9,141 million tonnes (184,320 bopd). The drop below the planned level can be explained by tough weather conditions in Western Kazakhstan in January 2009. This was partially compensated by the growth of production in February and March 2009, and also by the improved operational results at Kazgermunai and CCEL compared to the same period of last year. In 2009 at Kazgermunai it is planned to produce 3.18 million tonnes (67,000 bopd) and at CCEL – 1.8 million tonnes (33,000 bopd). KMG EP owns 50% stake in both companies.
According to preliminary data, in the first three months of 2009 the company supplied 2,128,000 tonnes of crude oil to customers (174,000 bopd), excluding the share in supply from Kazgermunai and Karazhanbasmunai. Of this amount, 1,781 thousand tonnes (145,600 bopd) were exported.
The company’s share in the sales volumes from Kazgermunai and CCEL was 594,000 tonnes of crude oil (48,400 bopd) in the first three months of 2009, including 550,000 tonnes (44,700 bopd) supplied to export markets. This represents a 9% and 17.7% increase compared to the same period of 2008, respectively
