NOVATEK Announces Consolidated IFRS Results for the Year Ended 31 December 2014
Total revenues grew by 20.0% year-on-year to RR 357.6 billion for the twelve months ended 31 December 2014 from RR 298.2 billion in 2013, largely due to an increase in natural gas and liquids sales volumes and prices. The start of higher value added products sales from the Ust-Luga Gas …
Novatek: Reserve Replacement Running at 109%
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 2014. Total SEC proved reserves, including the Company’s proportionate share in joint ventures, aggregated 12,578 million barrels of oil equivalent (boe), including 1,747 billion cubic …
Novatek: Reserve Replacement at 109%
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 2014. Total SEC proved reserves, including the Company’s proportionate share in joint ventures, aggregated 12,578 million barrels of oil equivalent (boe), including 1,747 billion cubic …
NOVATEK: YoY Gas Productions Up 11.3%
OAO NOVATEK reported today preliminary operating data for the fourth quarter and full year 2014. In the fourth quarter 2014, NOVATEK’s sales production totaled 16.27 billion cubic meters (bcm) of natural gas and 1,760 thousand tons of liquids (gas condensate and crude oil). The Company’s full year 2014 sales production …
NOVATEK: Launch of Second Stage of the Urengoyskoe Field
NOVATEK announced today that SeverEnergia (a joint venture between NOVATEK and OAO Gazprom Neft) launched the second stage of the Urengoyskoye field (within the Samburgskiy license area) including the second train of the gas condensate de-ethanization unit. Overall capacity of the two stages of field development is approximately 13 billion …
Novatek: Urengoyskoye, Stage 1, Reaches Full Design Capacity
OAO NOVATEK announced today that the first stage of the Urengoyskoye field within the Samburgskiy license area developed by SeverEnergia (a joint venture between NOVATEK and OAO Gazprom Neft) reached its full design capacity of approximately seven (7) billion cubic meters (bcm) of natural gas and 2.5 million tons of …
Gazprom & Russian Gas Production Overview & Future Developments
In the first part of this article, we look at reserves and major projects for the Russian upstream gas sector. In part 2, to be published in the next issue of ROGTEC Magazine, the article will conclude by looking at the production outlook, including market risks. One of the conundrums …
Novatek: Q3 and 9M Results – Revenues Up 12% and 22% Respectively
OAO NOVATEK today released its consolidated interim condensed financial information as of and for the three and nine months ended 30 September 2014 prepared in accordance with International Financial Reporting Standards (“IFRS”). Total revenues in the third quarter and nine months 2014 increased by 12.0% and 22.2%, respectively, as compared …
Novatek: Natural Gas Production Up 2.3%, Gross Liquid Production Up 21.9%
OAO NOVATEK reported today preliminary production data for the third quarter and nine months 2014. In the third quarter 2014, NOVATEK’s gross production totaled 15.58 billion cubic meters (bcm) of natural gas and 1,535 thousand tons of liquids (gas condensate and crude oil). Gross natural gas production increased by 1.05 …
SeverEnergia: Launches Third Stage of the Samburgskoye Field
OAO NOVATEK announced the launch of the third stage of the Samburgskoye gas condensate field developed by SeverEnergia, a joint venture between OAO NOVATEK and OAO GazpromNeft. The launch of the third stage, which exceeds two (2) bcm of natural gas per annum, will enable the field to achieve peak production capacity …