Until 2018, KMG EP is going to maintain stable oil production
Edited by vadim / 2014-04-02 06:45:20
Until 2018, KMG EP is going to maintain stable oil production, the CEO of Kazmunai Gas Exploration & Production A. Nurseitov says at the press-conference devoted to the results of 10 years of the company’s operation. In 2013, consolidated yield was 12.3 million tons, and the forecast for 2014 is 12.164 million tons. He states that the company has a ‘margin of safety’ in case of the fall in global oil price. Now the margin of safety is $85 per barrel, and the company is going to cease any production plans.
