Alliance Oil: 6.1m Barrels Produced in Q3 2013
Alliance Oil Company’s total average daily oil and gas production for September and for the third quarter of 2013 amounted to 65,955 barrels of oil equivalent (boepd)[i] and 66,589 boepd[ii]respectively. In total, 6.1 million barrels of oil equivalent (mboe) were produced in the third quarter of 2013. Preliminary average daily refining volumes at the Khabarovsk refinery amounted to 97,446 bopd in September and 96,413 bopd in the third quarter of 2013. In total, 8.9 million barrels of oil (mbbl) were refined in the third quarter of 2013.
Upstream
In the third quarter of 2013, the average oil production in the Timano-Pechora region amounted to 17,457 bopd, in the Volga-Urals region 22,798 bopd, in the Tomsk region 10,555 bopd and in Kazakhstan 2,781 bopd. In the third quarter of 2013, 22 new wells were drilled.
Gas production in the Tomsk region amounted to 7,539 boepd in the third quarter of 2013. In the Khanty-Mansiysk region, non-consolidated gas production in the third quarter of 2013 amounted to 10,704 boepd, out of which 5,459 boepd were included in the reporting as equity interest.
Downstream
In the downstream segment, despite the unprecedented water flooding in the Russian Far East, the refinery run rate and oil product sales remained at historically high levels in the third quarter of 2013 primarily due to seasonally strong domestic demand.
Upstream and downstream production data for October 2013 will be disclosed on November 11, 2013. Third quarter 2013 financial results will be disclosed on November 21, 2013.