NOVATEK Reports Preliminary Operating Data For The Third Quarter And Nine
MOSCOW, Oct. 11, 2013
MOSCOW, Oct. 11, 2013 /PRNewswire/ -- OAO NOVATEK ("NOVATEK" and/or the
"Company") reported today preliminary production data for the third quarter
and nine months 2013.
In the third quarter 2013, NOVATEK's gross production totaled 14.53 billion
cubic meters (bcm) of natural gas and 1,143 thousand tons of liquids (gas
condensate and crude oil). Gross natural gas production increased by 1.21
billion cubic meters, or by 9.1%, and gross liquids production increased by
147 thousand tons, or by 14.8%, as compared with the corresponding gross
production in the third quarter 2012.
In nine months 2013, gross production totaled 45.81 billion cubic meters of
natural gas and 3,526 thousand tons of liquids. Natural gas production
increased by 3.79 billion cubic meters, or by 9.0%, whereas gross liquids
production increased by 401 thousand tons, or by 12.8% as compared with the
corresponding gross production in nine months 2012.
NOVATEK processed 1,150 and 3,551 thousand tons of unstable gas condensate at
the Purovsky Processing Plant, which represented a 24% and 22% increase as
compared with the corresponding volumes in the third quarter and nine months
The Company's preliminary stable gas condensate export volumes amounted to 206
thousand tons for the third quarter 2013 as compared to 723 thousand tons in
the corresponding period of 2012. The decrease in sales volumes was mainly due
to the launch of the Ust-Luga Gas Condensate Fractionation and Transshipment
Complex in the second quarter 2013.
In the third quarter 2013, NOVATEK processed 714 thousand tons of stable gas
condensate at the Ust-Luga Complex. Preliminary product sales volumes amounted
to 690 thousand tons, including 562 thousand tons of naphtha, 73 thousand tons
of jet fuel and 55 thousand tons of heating oil and gasoil.
At 30 September 2013, NOVATEK had approximately 2,364 million cubic meters of
natural gas and 378 thousand tons of stable gas condensate and its products in
storage or transit and recognized as inventory.
NOVATEK's hydrocarbon production
3Q2012 3Q2013 YoY% Gross production 9M2012 9M2013 YoY%
13.32 14.53 9.1% Natural gas, bcm 42.02 45.81 9.0%
996 1,143 14.8% Liquids, mt 3,125 3,526 12.8%
Information provided in this press release presents expected results of OAO
NOVATEK operations in 3Q and 9M 2013. 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 in this press release 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 in
2013. OAO NOVATEK assumes no obligation (and expressly declares that it has no
such obligation) to update or change any declarations concerning any future
results, both due to new information obtained, any future events or for any
For further information, please visit www.novatek.ru.
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 90%
of Russia's natural gas production and approximately 17% of the world's gas
production. NOVATEK is an open joint stock company established under the laws
of the Russian Federation. The Company's shares are listed in Russia on
MICEX-RTS Stock Exchange and the London Stock Exchange (LSE) under the ticker
SOURCE OAO NOVATEK
Contact: Press Service, +7 (495) 721 2207, email@example.com, Investor
Relations, +7 (495) 730 6013, firstname.lastname@example.org
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