1Q 2012 | 1Q 2011 | |
Revenues | ||
Oil and gas sales | 54,152 | 44,826 |
Other revenues | 221 | 68 |
Total revenues | 54,373 | 44,894 |
Total operating expenses | (31,851) | (23,443) |
Other operating income (loss) | 41 | 53 |
Profit from operations | 22,563 | 21,504 |
Finance income (expense) | 5,624 | 2,738 |
Profit before income tax | 27,196 | 23,632 |
Profit (loss) | 21,239 | 18,716 |
Profit (loss) attributable toshareholders of OAO NOVATEK | 21,245 | 18,769 |
Basic and diluted earnings per share (in Russian roubles) | 7.00 | 6.19 |
Production and Purchased Volumes | 1Q 2012 | 1Q 2011 |
Natural gas production, million cubic meters (mmcm) | 13,045 | 11,939 |
Equity share in natural gas production from joint ventures, mmcm | 1,409 | 1,371 |
Natural gas purchases, mmcm | 900 | - |
Total natural gas production and purchases, mmcm | 15,354 | 13,310 |
Liquids production, thousand tons (mt) | 1,080 | 1,024 |
Liquids purchases, mt | 2 | 1 |
Total liquids production and purchases, mt | 1,082 | 1,025 |
Sales Volumes | 1Q 2012 | 1Q 2011 |
Natural gas, mmcm | 16,050 | 13,992 |
Stable gas condensate, mt | 624 | 724 |
Liquefied petroleum gas, mt | 238 | 229 |
Crude oil, mt | 84 | 49 |
31 March 2012 | 31 December 2011 | |
ASSETS | ||
Non-current assets | 332,273 | 325,116 |
Property, plant and equipment | 171,696 | 166,784 |
Current assets | 54,443 | 58,316 |
Total assets | 386,716 | 383,432 |
LIABILITIES AND EQUITY | ||
Non-current liabilities | 85,306 | 91,636 |
Long-term debt | 68,388 | 75,180 |
Current liabilities | 38,955 | 50,114 |
Total liabilities | 124,261 | 141,750 |
Equity attributable to OAO NOVATEK shareholders | 261,792 | 241,013 |
Non-controlling interest | 663 | 669 |
Total equity | 262,455 | 241,682 |
Total liabilities and equity | 386,716 | 383,432 |
PAO NOVATEK is one of the largest independent natural gas producers in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. Upstream activities of the Company’s subsidiaries and joint ventures are concentrated mainly in the prolific Yamal-Nenets Autonomous Area, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 15% of the world’s gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation.