NOVATEK Announces Year-End 2017 Reserves
Moscow, 23 January 2018. PAO NOVATEK (“NOVATEK” and/or the “Company”) announced that independent petroleum engineers, DeGolyer & MacNaughton, have completed their comprehensive reserve appraisal of the Company’s hydrocarbon reserves as of 31 December 2017. Total SEC proved reserves, including the Company’s proportionate share in joint ventures, aggregated 15,120 million barrels of …
NOVATEK Reports Preliminary Operating Data for Twelve Months 2017
Moscow, 16 January 2018. PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the twelve months 2017. In 2017, NOVATEK’s hydrocarbons production totaled 513.3 million barrels of oil equivalent (boe), including 63.39 billion cubic meters (bcm) of natural gas and 11,772 thousand tons of liquids (gas condensate and …
Delegation from NOVATEK-TARKOSALENEFTEGAZ Visits TATNEFT
A delegation of professionals from OOO NOVATEK-TARKOSALENEFTEGAZ visited TATNEFT Company within the framework of the working visit, and, inter alia, the delegation included specialists in crude oil production and treatment. Within the framework of the visit, there was a meeting held with the PJSC TATNEFT’s managers and professionals, during which …
NOVATEK Elects New Board of Directors
PAO NOVATEK announced today that the Annual General Meeting of Shareholders (“AGM”) approved the election of members to the Board of Directors. The following members were elected to the Board of Directors: Andrei I. Akimov: Chairman of the Management Board of Gazprombank (Joint Stock Company); Burckhard Bergmann: Chairman …
Novatek STC: EPCM – The Challenges Facing Russia’s Engineering Companies
Alexey Yazkov, NOVATEK STC (This material reflects the personal views of the author) The engineering market along with the engineering companies are currently undergoing a painful transition from an earlier Soviet created system of providing engineering services through the sectoral institutions. With the customer being the government represented by government …
Rosneft: To Form Rosneft Gaz to Compete with Gazprom?
A Rosneft representative refused to comment on the possible creation of a gas offshoot, Rosneft Gaz. One of the sources explained that “the idea to spin off company’s businesses has been discussed.” State-owned Rosneft plans to spin off its gas business into a subsidiary, Forbes reported citing sources aware of the situation.According to the sources, …