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2009 June 2   08:31

Russia edges oil production down 0.2%, gas plummets 19.3% in Jan-May 09

Russia edged oil and gas condensate production  down  0.2%  year-on-year  in  January-May  to 202.05 million tonnes (9.808  million  barrels  a  day),  the  Fuel  and Energy central Dispatch Center said according to Interfax.

May  oil  production  came  to  41.614 million tonnes (9.84 million bpd).

The  Rosneft (RTS: ROSN) oil company produced 46.827 million tonnes of oil in  the  five  months (9.677 million tonnes in May), Lukoil (RTS: LKOH) - 38.334 million tonnes (7.876 million tonnes), TNK-BP (RTS: TNBP) -28.526  million  tonnes  (5.941  million  tonnes), Surgutneftegas (RTS: SNGS) - 24.655 million tonnes (5.027 million tonnes), Gazprom Neft (RTS: SIBN) -  12.193  million  tonnes  (2.528  million tonnes), Tatneft (RTS: TATN) -  10.777  million tonnes (2.213 million tonnes), Slavneft - 7.824 million  tonnes  (1.596  million  tonnes)  and  RussNeft - 5.318 million tonnes (1.079 million tonnes).

Russian   enterprises   and  partly  foreign-owned  joint  ventures produced  10.618  million  tonnes  of  oil in the five months, including 1.079 million tonnes in May.

Gas  giant Gazprom (RTS: GAZP) produced 4.692 million tonnes of oil in the five  months  (988,000  tonnes  in  May),  and production-sharing agreement (PSA) operators - 6.009 million tonnes (1.217 million tonnes).

Russian  gas  production  plummeted  19.3% year-on-year in the five months to 237.694 billion cubic meters, including 40.037 bcm in May.

Gazprom  produced  188.572  bcm (30.378 bcm), NOVATEK (RTS: NVTK) - 13.387 bcm (2.605 bcm) and other oil and gas companies - 6.195 bcm (1.01 bcm).

Vertically  integrated  oil companies produced 23.427 bcm of gas in the five months,  including 4.683 bcm in May: Lukoil (RTS: LKOH) produced 4.995 bcm  (993  million cubic meters); Rosneft (ROSN) - 5.69 bcm (1.073 bcm); Surgutneftegas  (RTS:  SNGS) - 5.653 bcm (1.136 bcm); and TNK(RTS: TNKO)-BP Holding - 4.728 bcm (976 million cubic meters).

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