Production

In the third  quarter 2020, NOVATEK’s hydrocarbon production totaled 150.4 million barrels of oil equivalent (boe), including 19.13 billion cubic meters (bcm) of natural gas and 3,024 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons produced by 5.2 million boe, or by 3.6% as compared with the third quarter 2019.

In the nine months 2020, NOVATEK’s hydrocarbon production totaled 445.9 million boe, including 56.71 bcm of natural gas and 8,992 thousand tons of liquids, resulting in an increase in total hydrocarbons produced by 4.6 million boe, or by 1.0% as compared to the nine months 2019.

 

NOVATEK’s hydrocarbon production including share in production of joint ventures
3Q
2020
3Q
2019
Change, %
 
9M
2020
9M
2019
Change, %
19.13
18.31
4.5%
Natural gas, bcm
56.71
55.88
1.5%
3,024
3,041
-0.6%
Liquids, thousand tons
8,992
9,063
-0.8%
150.4
145.2
3.6%
Total hydrocarbons, mln boe
445.9
441.3
1.0%
1.63
1.58
3.6%
Total hydrocarbons, mln boe per day
1.63
1.62
0.7%
  
 

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