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ABOUT
THE COMPANY
“The goal set for KMG EP
today is to continue working
on the optimisation of mature
assets and search for new
growth opportunities”
A. Nurseitov
Chief Executive
Mission
KMG EP’s mission is to maximize benefits for
the shareholders of the Company, by producing
hydrocarbons in an efficient and expedient way,
creating long-term economic and social value
for the regions in which we operate and providing
the development of each employee to reach their
potential.
Vision
KMG EP – a leading company in the field of
hydrocarbon exploration and production in
Kazakhstan, among the leaders of oil and gas
business in the Caspian region, able to compete
globally.
KazMunaiGas Exploration Production JSC (“Company”
or “KMG EP”) was formed in March 2004 through
the merger of JSC Ozenmunaigas (“OMG”) and JSC
Embamunaigas (“EMG”). KMG EP is one of the top
three leaders in terms of oil production in Kazakhstan.
By consolidated production volumes KMG EP controls
around 15% of Kazakhstan’s total production and by
consolidated proven reserves about 3%. The volume of
proved and probable reserves including the Company’s
share in Kazgermunai, CCEL and PKI as of yearend 2011
were about 285 million tonnes 1 (2,083 million barrels).
Shares of the Company are listed on the Kazakhstan
Stock Exchange (KASE) and global depositary receipts
(GDRs) on the London Stock Exchange (LSE).
Compared to other companies, KMG EP has unique
advantages, which include a relationship with the parent
company the National Company KazMunaiGas (“NC
KazMunaiGas” or “NC KMG”), through which KMG EP
has prioritised access to oil and gas assets and the
infrastructure in the territory of Kazakhstan.
2 Annual report 2012 KazMunaiGas Exploration Production JSC