News 2024
April 2020KMG
Barclays has released an analytical report on the situation in the oil and gas industry. Several pages of the report are devoted to Kazakhstan and KazMunayGas.
The document contains data on the cost of production at the largest fields in the country.
“In general, Kazakhstan’s oil production segment has assets with both low and high production costs, while the cash costs per barrel of KMG’s production also vary from asset to asset,” the report says.
At the main production asset of KazMunayGas, KMG Exploration Production, the cost of producing a barrel of oil at the fields at the current rate of tenge is 9-10 US dollar. After adding to this figure taxes and transportation costs, as well as capital investments, then the break-even point for a Kazakhstani asset is at about 31-33 dollar per barrel.