NOVATEK Shipped First LNG Cargo to CNOOC
PAO NOVATEK announced today that its wholly owned subsidiary, NOVATEK Gas and Power Asia Pte. Ltd., shipped a cargo of LNG produced from the Yamal LNG project to China National Offshore Oil Corporation (CNOOC). The LNG cargo was delivered to Fujian LNG Terminal in China via the Northern Sea Route …
NOVATEK Obtains South-Leskinskiy License Area
PAO NOVATEK (“NOVATEK” and/or the “Company”) announced today that OOO NOVATEK-Yurkharovneftegas, a wholly owned subsidiary, won the auction for geological survey, exploration and production license for the South-Leskinskiy subsoil license area on the Gydan peninsula in the Krasnoyarsk Territory. The license area has estimated hydrocarbon resources of 3.5 billion barrels …
Yarudeyskoye Field Produced 10 Million Tons of Crude Oil
PAO NOVATEK (“NOVATEK” and/or the “Company”) announced that cumulative production at the Yarudeyskoye field owned by the Company’s subsidiary Yargeo, reached a milestone of 10 million tons of crude oil production since the commencement of operations. The field’s commercial production commenced in December 2015, and by January 2016, the field …
Novatek: 9M Results 2018 – Revenue Up 99.2% yoy as Additional Trains Come on Stream
PAO NOVATEK today released its consolidated interim condensed financial statements as of and for the three and nine months ended 30 September 2018 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights (in millions of Russian roubles except as stated) 3Q18 3Q17 9M18 9M17 217,934 129,970 …
NOVATEK Discovers North-Obskoye Field
PAO NOVATEK (“NOVATEK” and/or the “Company”) announced that its wholly owned subsidiary OOO Arctic LNG 3 has completed the testing of the first exploration well at the North-Obskiy license area located in the shallow waters of the Ob Bay. The drilling and testing results confirmed that a new natural gas and …
Novatek: 2018 9M Results – Production Up 4.9% LNG Sales Up 8.5%
PAO NOVATEK reported today preliminary operating data for 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 …
NOVATEK Signed Strategic Partnership Agreement with Siemens
Today, during the Russian Energy Week, Chairman of the Management Board of PAO NOVATEK (“NOVATEK”) Leonid Mikhelson and President and Chief Executive Officer of Siemens AG (“Siemens”) Joe Kaeser signed a Strategic Partnership and Cooperation Agreement (“Agreement”). According to the Agreement, the Parties intend to strengthen and develop the strategic …
NOVATEK Third Quarter and Nine Months 2018 IFRS Results Conference Call
NOVATEK will host a conference call on 25 October 2018, at 4:00 pm Moscow time (2:00 pm – London; 9:00 am – New York) to discuss NOVATEK’s third quarter and nine months 2018 IFRS consolidated financial results. Information pertaining to the conference call will be available on the NOVATEK website …
Yamal LNG Shipped First LNG Cargo to Spain
PAO NOVATEK (“NOVATEK”) announced today that Yamal LNG shipped the first cargo of liquefied natural gas (LNG) to Spanish company Gas Natural Fenosa in accordance with the long-term offtake agreement. The 170 thousand cubic meter Arc7 ice-class LNG carrier “Fedor Litke” unloaded the first cargo in the port of Mugardos …
NOVATEK Announces Consolidated IFRS Results for the First Quarter 2018
PAO NOVATEK today released its consolidated interim condensed financial statements as of and for the three months ended 31 March 2018 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights (in millions of Russian roubles except as stated) 1Q 2018 1Q 2017 Oil and gas sales …