Alliance Oil Company: Operational update for 2012

In 2012, Alliance Oil Company’s total upstream volumes increased by 10% to 19.7mbbl (53,900 bopd) from 17.9 mbbl (49,000 bopd) in 2011. The preliminaryrefining volumes in 2012 increased by 13% to 29.3 mbbl (80,100 bopd) from 26.9 mbbl (73,650 bopd). Preliminary crude oil and oil product sales amounted to 19.3 mbbl and 29.9 mbbl respectively in 2012 compared to 17.5 mbbl and 26.9 mbbl in 2011.

Preliminary operating results in barrels per day:

                       Upstream                     Downstream
    2012      Production  Crude oil sales  Refining  Oil product sales
 ---------------------------------------------------------------------

   January      59,421         56,734       77,531        65,865
  February      55,187         54,444       78,390        77,634
    March       54,481         49,752       69,129        69,377
 1st quarter    56,363         53,643       75,017        70,959
    April       52,918         52,297       70,888        72,326
     May        54,422         53,544       81,946        93,238
    June        53,279         53,416       82,260        83,224
 2nd quarter    53,540         53,086       78,404        82,930
    July        53,732         57,533       83,643        85,823
    August      53,473         50,306       84,809        89,682
  September     52,725         51,113       85,417        89,733
 3rd quarter    53,309         52,984       84,580        88,413
   October      52,947         48,602       82,943        85,406
  November      52,325         51,266       82,067        80,265
  December      51,693         52,767       82,458        86,591
 4th quarter    52,322         50,878       82,494        84,129
   FY 2012      53,888         52,645       80,122        81,621

Upstream

The average daily oil production in the Timano-Pechora region amounted to 22,825 barrels in 2012 compared to 19,665 barrels in 2011. Oil production in the Volga-Urals region and Kazakhstan amounted to 22,282 bopd in 2012 compared to 21,265 bopd in 2011. Oil production in the Tomsk region amounted to 8,781 bopd in 2012 compared to 8,054 bopd in 2011. In 2012, 98 new wells were drilled. In 2012, the average daily production at the Kolvinskoye field amounted to 12,996 barrels with a total of 4.8 mbbl produced for the year and 11,877 bopd with a total of 0.37 mbbl produced in December.

Downstream

In the downstream segment, the refinery capacity utilization was record high in 2012 due to strong demand for oil products both domestically and internationally. The refining capacity increased to 90,000 bopd in 2012. Retail and export volumes increased compared to the previous year.

Upstream and downstream production data for January 2013 will be disclosed on February 11, 2013 and monthly thereafter. Fourth quarter and full year 2012 financial results will be disclosed on February 21, 2013.

Источник