NOVATEK-Yurkharovneftegas: Wins Nyakhartinskiy License Auction
OAO NOVATEK announced today that its subsidiary OOO NOVATEK-Yurkharovneftegas won an auction for the exploration and production license for the Nyakhartinskiy license area. The license duration is 27 years and the payment for the license was set at RR 1,057 million. The Nyakhartinskiy license aria is located in the Yamal-Nenets …
Novatek: Q1 Results – Combined Liquid Production Up 61.1% yoy
OAO NOVATEK reported today preliminary operating data for the first quarter 2016. NOVATEK’s marketable production totaled 17.24 billion cubic meters (bcm) of natural gas and 3,208 thousand tons of liquids (gas condensate and crude oil), resulting in an increase in natural gas production by 1.09 bcm, or by 6.7%, and …
Yamal LNG: 9.9% Sold Stake to China’s Silk Road Fund
OAO NOVATEK announced today the closing of a transaction to sell a 9.9% equity stake in the Yamal LNG project (“Project”) to China’s Silk Road Fund (“SRF”) for a payment amounting to EUR 1,087 million. Following the deal completion, the shareholder structure of the Project is as follows: OAO NOVATEK …
Yamal LNG: 9.9% Sold Stake to China's Silk Road Fund
OAO NOVATEK announced today the closing of a transaction to sell a 9.9% equity stake in the Yamal LNG project (“Project”) to China’s Silk Road Fund (“SRF”) for a payment amounting to EUR 1,087 million. Following the deal completion, the shareholder structure of the Project is as follows: OAO NOVATEK …
Novatek: Aiming for Yamal LNG Project Financing in 2-3 Months
Russian gas producer Novatek expects its Yamal LNG project to secure external financing in the next 2-3 months, Interfax news agency quoted Leonid Mikhelson, Novatek chief executive, as saying on Wednesday. Western sanctions imposed over Moscow’s role in the Ukraine crisis have made it harder for Novatek to raise funds …
Novatek: 2015 Results – Revenues Up 32.9%
OAO NOVATEK today released its audited consolidated financial statements for the year ended 31 December 2015 prepared in accordance with the International Financial Reporting Standards (“IFRS”). IFRS Financial Highlights (in millions of Russian roubles) FY 2015 FY 2014 Oil and gas sales 472,007 355,673 Other revenues 3,318 1,970 Total revenues …
RDCR Breaking News: Tatneft and NOVATEK Plus Divisions Confirm Participation
More info will follow shortly. PJSC Tataneft and OAO NOVATEK have confirmed their involvement in the RDCR drilling event, running on the 13th of April in Moscow www.rdcr.net Tatneft will take an active part in the roundtable sessions. Novatek have confirm the following companies will attend: NOVATEK NOVATEK-Yurkharovskneftegaz Yamal LNG Arctic LNG 1 …
Novatek: Reserve Replacement Running at 148% in 2015
OAO NOVATEK announced that independent petroleum engineers, DeGolyer & MacNaughton, have completed their comprehensive reserve appraisal of the Company’s hydrocarbon reserves as of 31 December 2015. Total SEC proved reserves, including the Company’s proportionate share in joint ventures, aggregated 12,817 million barrels of oil equivalent (boe), including 1,775 billion cubic …
Novatek: 2015 Results – Gas Production Up 9.3%
OAO NOVATEK reported today preliminary operating data for the fourth quarter and full year 2015. In the fourth quarter 2015, NOVATEK’s marketable production totaled 17.80 billion cubic meters (bcm) of natural gas and 2,559 thousand tons of liquids (gas condensate and crude oil). The Company’s full year 2015 marketable production …
Novatek: Yarudeyskoye Reaches Full Capacity
OAO NOVATEK announced today that the Yarudeyskoye oil field has reached its planned production capacity of 9,700 tons of crude oil per day, which is equivalent to approximately 3.5 million tons per annum. Twenty-four production wells are currently in operation at the field with average flow rate exceeding 400 tons …