NOVATEK says it marketable production totaled 33.76 billion cubic meters (bcm) of natural gas and 6,327 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in natural gas production by 0.72 bcm, or by 2.2%, and an increase in combined liquids production by 2,138 thousand tons, or by 51.0% as compared with the first half 2015.
The Company processed 6,346 thousand tons of unstable gas condensate at the Purovsky Processing Plant, which represented a 17.0% increase as compared with the corresponding volumes processed in the first half 2015.
NOVATEK processed 3,543 thousand tons of stable gas condensate at the Ust-Luga Complex, which was 3.0% higher than the volumes processed at the facility in the first half 2015. Preliminary first half 2016 petroleum product sales volumes aggregated 3,565 thousand tons, including 2,253 thousand tons of naphtha, 528 thousand tons of jet fuel, and 784 thousand tons of fuel oil and gasoil. Export sales of stable gas condensate amounted to 730 thousand tons.
As at 30 June 2016, NOVATEK had 1.66 bcm of natural gas and 468 thousand tons of stable gas condensate and petroleum products in storage or transit and recognized as inventory.
NOVATEK’s marketable hydrocarbon production including share in production of joint ventures
|
1H 2015 |
1H 2016 |
Change,% |
|
|
Natural gas, bcm |
33.04 |
33.76 |
2.2% |
|
Liquids, thousand tons |
4,189 |
6,327 |
51.0% |
OAO NOVATEK is Russia’s largest independent gas producer and the second-largest natural gas producer in Russia. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. The Company’s upstream activities are concentrated in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s gas production and approximately 16% of the world’s gas production. NOVATEK is an open joint stock company established under the laws of the Russian Federation.