Company’s Profile
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Embamunaigas Joint-Stock Company (hereinafter referred to as the Company) was founded in the Republic of Kazakhstan on February 27, 2012 as a result of the implementation of the decision of the Board of Directors of KazMunayGas Exploration Production JSC (hereinafter referred to as KMG EP) to establish new subsidiaries on the basis of production branches of KMG EP. The Company began its production activities on October 1, 2012, after obtaining subsoil use rights from KMG EP under contracts for the production and exploration of hydrocarbons, as well as assets and liabilities of Embamunaigas production branch.

KazMunayGas National Company JSC (KMG NC) is the trustee of 100 % of the shares of KazMunayGas Exploration Production JSC in Embamunaigas JSC. KMG NC represents state interests in the oil and gas industry of Kazakhstan and is fully owned by Samruk-Kazyna National Welfare Fund  JSC (Samruk-Kazyna NWF), which in turn is fully owned by the Government of the Republic of Kazakhstan (the Government). The  Company is engaged in the  exploration, development, production and export of raw hydrocarbons. The  Company’s main operating oil and gas activity is performed at oil and gas assets located in Atyrau region of the Republic of Kazakhstan.

Development of oil fields included in the  Company lasts for more than 100 years. The  official history of the  Company started in 1922 – since the establishment of Embaneft Trust for the  development of the  Dossor and Makat fields. On  October  1, 2012, Embamunaigas was transformed into a joint-stock company after eight years as a production branch. The  Company supplies the  produced oil for export and to the domestic market. Oil is supplied to the  domestic market at oil refineries of Kazakhstan. Oil is exported via two main routes, such as the  pipelines of the  Caspian Pipeline Consortium (CPC) and Uzen  – Atyrau  – Samara (UAS). The  marketable gas is sold via the  oil and gas national provider of the  Republic of Kazakhstan – KazTransGas JSC.

Embamunaigas  JSC has six structural units located in Atyrau and in four districts of Atyrau region: production structural units Zhaiykmunaigas, Dossormunaigas, Kainarmunaigas, and Zhylyoimunaigas; and divisions Embamunaienergo and Equipment Procurement and Maintenance (EP&M). Embamunaigas  JSC has 46 fields with residual oil reserves in categories А+В+С1 (oil-in-place/ recoverable oil) of 470.6/85.6 mln tonnes. The average depletion of reserves is 70 %. Embamunaigas  JSC operates in accordance with international standards ISO 9001, ISO 14001, OHSAS 18001, ISO 50001.

Business model
Data is provided as for the end of 2019
FOREIGN ECONOMIC FACTORS

Average exchange rate 382.87
(tenge per 1 US dollar)

Increase by

Rate of inflation
in Kazakhtsan – 5.75 %

Increase by p.p.

Average price of Brent
(DTD) – 64.21

Reduction by

Our capital
Financial capital
Assets 410.2 billion tenge
Capital297.2billion tenge
Profit450.9billion tenge
Production capital
85.6
mln tonnes
of oil (ABC1)
or
35
mln tonnes
of oil (2P) – total
volume of reserves
The subsoil use
8 contracts
46 deposits
of oil is the annual
mean extraction
2.8 mln tonnes
Experienced personnel
4,928
employees
694
young professionals
aged under 33 years
More than 20
family dynasties
Advantageous geographical location
The Caspian depression which has a high potential for the discovery of the new oil and gas fields (near 65% of the hydrocarbon resources in the RoK)
Operating model
Mission / Vision / Values
STRATEGIC
MANAGEMENT
CORPORATE
MANAGEMENT
RISK
MANAGEMENT
OPERATIONAL PROCESSES
Geological exploration
The carrying out of the active geological exploration works contributes to the formation of the competitive reserves base
Oil production
In the producing fields the Company carries out the oil production and intensifies it through the imlpementation of the new technologies in order to increase the oil recovery factor
Gas production
The company upgrades the existing processing plants of the associated gas and constructs the new ones in order to produce the commercial gas, methanol, diesel fuel using the GTL technology
Sales
The export makes 93% of sales and the domestic conumption makes 7%
Investment
The company carries out the active investment operations to overcome the restrictions and to achieve the strategic goals
Value creation for the stakeholders
Shareholder
Net profit
101.4
bln
tenge
Oil production
2,899.7
thous.
tonnes
EVA
172.8
mln US
dollars
Roace
33%
EBITDA
430.2
mln US
dollars
CAPEX
40.2
bln
tenge
State
Taxes except the Corporate income tax p.a.
160.1
bln
tenge
Подоходный налог за год
30.3
bln
tenge
Staff
Social payments to the employees p.a.
1.04
bln
tenge
young specialists
700
are part
of the Youth Council
Remuneration
of the employees
51.4
bln tenge
Staff
turnover
2.9%
in the modular
training programs
350
employees participated
Expenses for security
and occupational safety
1,3
bln tenge
Local communities
ISO International standards:
9001, ISO 14001, OHSAS 18001, ISO 50001.
Allocated for the infrastructure
development in Atyrau region
126.5
bln tenge
of the historically contaminated
territories were cleared over the year
38
ha
of the associated
gas utilization
90%
level
The proportion of the local
content in the procurement
91%
Energy Efficiency
Index
0.050
toe/t.
received the dual
training
41
students
The long-term sustainable development and value creation for all the interested parties
Business Map
The Company is engaged in the exploration, development, production and export of raw hydrocarbons. The Company’s main operating oil and gas activity is performed at oil and gas assets located in Atyrau Region of the Republic of Kazakhstan.
CONTROL SYSTEM ORGANIZATION PROCESSES
  • Strategy Management
  • Production Planning, Budgeting and Investment Analysis
  • Asset Portfolio Management
  • Performance and Quality Management
  • Internal Audit
  • Risk Management and Internal Control
  • Stakeholder Relation Management
SUSTAINING PROCESSES
  • HR. Personnel Management
  • HSE
  • Finance Management
  • Legal Support
  • Procurement Management
  • Production Automation and IT Management
  • Data Management
  • Innovative and Technological Development Management
  • Corporate Governance
  • Administrative Operations
Geographic
Reach