2020-04-10 12:05:00
NOVATEK'S PRODUCTION UP BY 2.1%
NOVATEK - 09 April 2020 - PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the first quarter 2020.
In the first quarter 2020, NOVATEK’s hydrocarbon production totaled 150.2 million barrels of oil equivalent (boe), including 19.08 billion cubic meters (bcm) of natural gas and 3,048 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 3.1 million boe, or by 2.1% as compared with the first quarter 2019.
Preliminary natural gas sales volumes, including volumes of LNG sold, aggregated 20.69 bcm, representing a decrease of 6.8% as compared with the prior year period. Natural gas volumes sold in the Russian Federation in the first quarter 2020 were 18.24 bcm, whereas LNG volumes sold on international markets amounted to 2.45 bcm. The decrease in sales volumes on international markets was due to the decrease of Yamal LNG shareholders’ share, including NOVATEK’s share, of LNG sales on the spot market, and a corresponding increase of Yamal LNG direct sales under long-term contracts.
The Company processed 2,823 thousand tons of unstable gas condensate at the Purovsky Processing Plant, representing an increase of 4.8% as compared with the corresponding volumes processed in the prior reporting period. NOVATEK processed 1,787 thousand tons of stable gas condensate at the Ust-Luga Complex, representing an increase of 1.2% in volumes processed at the facility in the first quarter 2020.
According to preliminary data in the first quarter 2020, petroleum product sales volumes aggregated 1,696 thousand tons, including 1,040 thousand tons of naphtha, 302 thousand tons of jet fuel, and 354 thousand tons of fuel oil and gasoil. NOVATEK sold 1,164 thousand tons of crude oil and 414 thousand tons of stable gas condensate.
As at 31 March 2020, NOVATEK had 0.3 bcm of natural gas, including LNG, and 620 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
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1Q 2020
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1Q 2019
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Change, %
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Natural gas, bcm
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19.08
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18.66
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2.2%
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Liquids, thousand tons
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3,048
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2,987
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2.0%
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Total hydrocarbons, mln boe
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150.2
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147.1
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2.1%
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Total hydrocarbons, mln boe per day
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1.65
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1.63
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1.0%
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Natural Gas Sales Volumes, bcm
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1Q 2020
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1Q 2019
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Change, %
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Total natural gas sales volumes
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20.69
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22.20
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-6.8%
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Sold in the Russian Federation
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18.24
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18.77
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-2.9%
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Sold on international markets
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2.45
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3.42
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-28.4%
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Earlier:
2020, February, 21, 11:35:00
NOVATEK'S PROFIT: +430%
Profit attributable to shareholders of PAO NOVATEK increased to RR 865.5 billion (RR 287.39 per share), or 5.3 times, as compared to 2018.
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2020, January, 27, 14:25:00
NOVATEK RESERVES 252%
The organic reserve replacement rate, excluding the effect from acquisitions and disposals, which mainly related to the disposal of 40% participation interest in Arctic LNG 2 project, amounted to 252%, with the addition of 1,487 million boe, inclusive of 2019 production.
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2020, January, 17, 11:05:00
NOVATEK PRODUCTION +7.5%
In 2019, NOVATEK’s hydrocarbon production totaled 590.1 million barrels of oil equivalent (boe), including 74.70 billion cubic meters (bcm) of natural gas and 12,148 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 41.0 million boe, or by 7.5% as compared with the twelve months 2018.
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