Production

In the nine months 2018, NOVATEK’s hydrocarbons production totaled 402.2million barrels of oil equivalent (boe), including 50.31 billion cubic meters (bcm) of natural gas and 8,775 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in total hydrocarbons production by 18.9 million boe, or by 4.9%, as compared with the nine months 2017.

Preliminary natural gas sales volumes, including LNG, aggregated 51.0 bcm, which was 8.5% higher compared with the corresponding period in 2017. The LNG sales volumes on international markets in the nine months 2018 amounted to 3.43 bcm.

The Company processed 8,222 thousand tons of unstable gas condensate at the Purovsky Processing Plant, representing a 4.2% decrease as compared with the corresponding volumes processed in the prior reporting period. NOVATEK processed 5,145 thousand tons of stable gas condensate at the Ust-Luga Complex, representing a 1.9% decrease in volumes processed at the facility in the nine months 2018.

Preliminary petroleum product sales volumes aggregated 5,146 thousand tons, including 3,230 thousand tons of naphtha, 791 thousand tons of jet fuel, and 1,125 thousand tons of fuel oil and gasoil.

As at 30 September 2018, NOVATEK had 2.4 bcm of natural gas, including LNG, and 645 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

 
9M 2018
9M 2017
Change, %
Natural gas, bcm
50.31

47.34

6.3%
Liquids, thousand tons
8,775

8,806

-0.4%
Total hydrocarbons, mln boe 402.2 383.34.9%
Total hydrocarbons, mln boe per day

1.47

1.404.9%
 
                 
 
 
 
 
 
 

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

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Information presents expected results of PAO NOVATEK operations The information represents preliminary assessment only, which can be adjusted after statistical, financial, fiscal and business reporting becomes available. The information on NOVATEK’s operational results depends on many external factors and therefore, provided all permanent obligations imposed by the London Stock Exchange listing rules are unconditionally observed, cannot qualify for accuracy and completeness and should not be regarded as an invitation for investment. Therefore, the results and indicators actually achieved may significantly differ from any declared or forecasted operational results. PAO NOVATEK assumes no obligation (and expressly declares that it has no such obligation) to update or change any declarations concerning any future results, due to new information obtained, any future events or for any other reasons.