Report summaryMangistaumunaigaz (MMG), a JV of NC KazMunaiGas (NC KMG), CNPC and PetroChina, operates 15 mature oil fields in west Kazakhstan. The MMG Area currently produces more than 120,000 b/d, around 90% of which is from the Kalamkas and Zhetibai fields. This represents about 7% of Kazakhstan's gross liquids output.Since 1997, the operator has invested almost US$4 billion in the fields. Capital expenditure is dominated by extensive development drilling, with more than 170 wells drilled per year ...
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