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2019-10-11 11:40:00

NOVATEK'S PRODUCTION +5.2%

ДОБЫЧА НОВАТЭК +5.2%

NOVATEK - Moscow, 10 October 2019 -  PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the third quarter and nine months 2019.

In the third  quarter 2019, NOVATEK’s hydrocarbon production totaled 145.2million barrels of oil equivalent (boe), including 18.31 billion cubic meters (bcm) of natural gas and 3,041 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 7.2 million boe, or by 5.2% as compared with the third quarter 2018.

In the nine months 2019, NOVATEK’s hydrocarbon production totaled 441.3 million boe, including 55.88 bcm of natural gas and 9,063 thousand tons of liquids, resulting in an increase in total hydrocarbons produced by 39.1 million boe, or by 9.7% as compared to the nine months 2018.

In the third quarter and nine months 2019, the Company processed 2,622 and 8,012 thousand tons, respectively, of unstable gas condensate at the Purovsky Processing Plant, representing a decrease in processed volumes by 1.9% and 2.6%, as compared with the corresponding periods in 2018. In the third quarter and nine months 2019, NOVATEK processed 1,656 and 5,119 thousand tons, respectively, of stable gas condensate at the Ust-Luga Complex, which was 3.6% higher and 0.5% lower as compared with the corresponding periods in 2018.

Preliminary third  quarter 2019 natural gas sales volumes, including volumes of LNG sold, aggregated 16.70 bcm, representing an increase of 7.1% as compared with the corresponding period in 2018. Natural gas volumes sold in the Russian Federation in the third quarter 2019 were 13.66 bcm, whereas volumes of LNG sold on international markets amounted to 3.04 bcm.

According to preliminary data in the third quarter 2019, petroleum product sales volumes aggregated 1,551 thousand tons, including 987 thousand tons of naphtha, 252 thousand tons of jet fuel, and 312 thousand tons of fuel oil and gasoil. NOVATEK sold 1,265 thousand tons of crude oil and 489 thousand tons of stable gas condensate.

As at 30 September 2019, NOVATEKhad 1.8 bcm of natural gas, including LNG, and 738 thousand tons of stable gas condensate and petroleum products in storage or transit and recognized as inventory. 

NOVATEK’s hydrocarbon production including share in production of joint ventures

3Q

2019

3Q

2018

Change, %

 

9M

2019

9M

2018

Change, %

18.31

17.39

5.3%

Natural gas, bcm

55.88

50.31

11.1%

3,041

2,911

4.5%

Liquids, thousand tons

9,063

8,775

3.3%

145.2

138.0

5.2%

Total hydrocarbons, mln boe

441.3

402.2

9.7%

1.58

1.50

5.2%

Total hydrocarbons, mln boe per day

1.62

1.47

9.7%

 

Natural Gas Sales Volumes, bcm 

3Q

2019

3Q

2018

Change, %

 

9M

2019

9M

2018

Change, %

16.70

15.59

7.1%

Total natural gas sales volumes

57.66

51.00

13.1%

13.66

13.77

-0.8%

Sold in the Russian Federation

47.55

47.57

0.0%

3.04

1.82

66.8%

Sold on international markets

10.11

3.43

194.4%

-----

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