Production

In the second quarter 2020, NOVATEK’s hydrocarbon production totaled 145.3million barrels of oil equivalent (boe), including 18.50 billion cubic meters (bcm) of natural gas and 2,920 thousand tons of liquids (gas condensate and crude oil), resulting in a decrease in total hydrocarbons produced by 3.7 million boe, or by 2.5% as compared with the second quarter 2019.

NOVATEK’s hydrocarbon production totaled 295.5 million boe in the first half 2020, including 37.58 bcm of natural gas and 5,969 thousand tons of liquids, resulting in a slight decrease in total hydrocarbons produced by six hundred thousand boe, or by two-tenths of one percent as compared to the first half 2019.

 

NOVATEK’s hydrocarbon production including share in production of joint ventures
2Q
2020
2Q
2019
Change, %
 
1H
2020
1H
2019
Change, %
18.50
18.91
-2.2%
Natural gas, bcm
37.58
37.57
0.0%
2,920
3,035
-3.8%
Liquids, thousand tons
5,969
6,022
-0.9%
145.3
149.0
-2.5%
Total hydrocarbons, mln boe
295.5
296.1
-0.2%
1.60
1.64
-2.5%
Total hydrocarbons, mln boe per day
1.62
1.64
-0.8%
  
 

Since 2016 natural gas production includes gas volumes consumed in oil and gas production and development activities (primarily, as fuel gas).