1、Project Profile
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The major assets of Maten Company fall on the three oilfield blocks in production in Pre-Caspian Basin of Kazakhstan, including Kara-Arna Oilfield, Kolkama East Oilfield and Matin Oilfield. Kara-Arna Oilfield and Kolkama East Oilfield are very close to Tengiz, a world’s famous oilfield; Matin Oilfield is only 11 kilometers away from North Zholdbai, which is the national oil and gas company of Kazakhstan and the main block of KMG Company. The project area is featured by sound geological conditions and completed pipe network facilities.
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Pre-Caspian Basin, where the block is located, is one of the internationally recognized regions with rich accumulation of oil and gas but low degree of exploration and development. At present, the three oilfields of Maten Company have entered into the development phase with stable production: the annual output exceeds 500,000 tons and the remaining reserves are about 10 million tons.
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With the deepening of the exploration work, the reserves of the three oilfields of Maten Project have obtained a sustainable growth in recent years; moreover, the proved potential reserves of the pre-salt block will further enhance the economic value of Maten Project.
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2、Investment highlights
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Excellent return on investment: investing 525 million USD, Geo-jade Petroleum has a healthy financial status at the moment with a net profit margin exceeding 30%. At present, the net profit of the project in 2013 exceeded 100 million USD.
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Obvious potential for output increase: since June 2014 when the project was delivered, the team of Geo-jade Petroleum comprehensively improve the recovery efficiency, by which the output of the experimental single well was increased from more than 10 tons per day to more than 90 tons per day, and 15 million barrels of reserves were newly proved; the recoverable reserves were increased by 25%; a potential oil layer was found, which was excepted to have a resource quantity of 70 million barrels; meanwhile, it was expected to contribute another recoverable reserves of 15 million barrels.
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Huge potential for reserve extension: the three oilfields of Maten possess the huge potential for extension and pre-salt exploration. The mining area with rights and interests of Mating Oilfield is planned to be 3 times expanded, which is expected to be completed by the end of the year; the pre-salt exploration increase scheme for kala Oilfield is expected to be started in the middle of 2015.