News 2014
May, 2014EP KMG
“Exploration Production KazMunaiGas” JSC (EP KMG) has announced the discovery of new fields at the Rozhkovskoe, as informed the press-center of the company: "EP KMG announces the discovery of new deposits in the sediments of the Bashkir tiers of vertebrates at the Rozhkovskoe”.
As stated in the report, the earlier exploration in this area were aimed at finding hydrocarbons in the Bobrikov and the Turnei horizons. Accordingly, the stocks of new deposits had not been taken into account in its audited EP KMG stocks, performed at the end of the 2013 season. Thus, according to the company, getting the natural flowing from the new accumulation in the Bashkir sediment gives the chance to increase the reserves of Rozhkovskoe field.
Quantitative assessment of stocks growth will be determined based on the results of further exploration. According to the ongoing technological stockpiles audits under international standards, the stocks of liquid hydrocarbons of category 2P of EP KMG at the Rozhkovskoe has grown from 5.4 million tonnes in 2012 to 7.9 million tonnes in 2013. It is planned to put Rozhkovskoye field into operation in 2017.
Exploration work at the field are carried out by the company Ural Group Limited (UGL), which owns 100% of shares of «Ural oil and gas (UOG)”, which has the right of subsoil use for exploration of hydrocarbons in the Fedorovskoye block. The block is located in the Zelenovskiy district in West Kazakhstan province, 70 kilometres east of Uralsk. In 2011, KMG EP entered into an agreement on the acquisition of 50% stake in the UGL with the Exploration Venture Limited (EVL).