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Emir-Oil Project

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Emir-Oil Project

Emir-Oil Project is located in the Mangshrak Basin in west Kazakhstan, with a total cooperation area of 210,000 acres, of which the production contract area is 11,100 acres. Reach Energy Berhad, a listed private oil company in Malaysia, holds 60% 6of the equity interest and MIE holds 40%.

Emir-Oil Project currently has four blocks with production permit, where the commercial production began in 2011 with a production period of 25 years. As of the end of 2017, the cumulative oil production was 12.05 million barrels. In 2017, the average daily oil production was 2,279 barrels/day, and the total number of open wells was 24; the output reached 1.85 million barrels in 2014, the highest annual output in history.

As of the end of 2017, the remaining recoverable reserves of 2P were 80.96 million barrels.

 

 



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