NOVATEK Launched the Urengoyskoye Field
OAO NOVATEK announced today the initial launch of the Urengoyskoye field within the Company’s Olimpiysky license block, with the field’s production capacity estimated at one (1) billion cubic meters (bcm) of natural gas per annum. Four (4) production wells have been completed at the field, of which three (3) wells …
Novatek: Concludes Heads of Agreement on LNG Supply with CNPC
OAO NOVATEK announced the conclusion of Heads of Agreement for the supply of liquefied natural gas (LNG) between Yamal LNG and China National Petroleum Corporation (“CNPC”). The document provides for the supply of no less than three (3) million tons of LNG per annum at delivered ex-ship (DES) terms for …
NOVATEK Reports Preliminary Operating Data for the Third Quarter of 2013
OAO NOVATEK reported today preliminary production data for the third quarter and nine months 2013. In the third quarter 2013, NOVATEK’s gross production totaled 14.53 billion cubic meters (bcm) of natural gas and 1,143 thousand tons of liquids (gas condensate and crude oil). Gross natural gas production increased by 1.21 …
Novatek announces second quarter and first half 2013 IFRS results
NOVATEK released its consolidated interim condensed financial information for the three and six months ended 30 June 2013 prepared in accordance with International Financial Reporting Standards (“IFRS”). IFRS Financial and Operational Highlights (in millions of Russian roubles unless otherwise stated) 2Q 2013 2Q 2012 1H 2013 1H 2012 Revenues 57,918 …
Geotech Holding And Novatek Signed An Agreement For Seismic Exploration Using UniQ Technology
IG Seismic Services PLC, the leading pure – play land and transition zone seismic company in Russia and the CIS and one of the largest land seismic companies globally, announces that GEOTECH Holding CJSC and NOVATEK OJSC signed an agreement for seismic exploration works, using UniQ technology. GEOTECH Holding CJSC …
Sovcomflot, NOVATEK and VEB Sign Memorandum on Cooperation as Part of Yamal LNG Project
At the Saint-Petersburg International Economic Forum, Sovcomflot – Russia’s largest shipping company, OAO Novatek – the leading independent natural gas producer, and the state corporation “Bank for Development and Foreign Economic Affairs” (Vnesheconombank) signed a memorandum on cooperation as part of the Yamal LNG project, providing for the construction of …
Technip, in Consortium with JGC, Awarded the Yamal LNG Project in Russia
Technip, leader of a consortium with JGC, was awarded by JSC Yamal LNG, owned by NOVATEK (80%) and TOTAL (20%), a contract to carry out the engineering, procurement, supply, construction and commissioning of an integrated facility for natural gas liquefaction. The project will start immediately with a phase of detailed …
NOVATEK Wins Auction for the East-Tazovskoye Field
OAO NOVATEK announced today that its subsidiary OOO NOVATEK-Tarkosaleneftegas won an auction for exploration and production license for the East-Tazovskoye field. Payment for the license was set at RR 3.19 billion. The East-Tazovskoye field is located in the Yamal-Nenets Autonomous Region in close proximity to the North-Russkoye field, the license …
Novatek Financial Results: Profit up 22.6% Sales up 9.7%
OAO NOVATEK today released its audited consolidated financial statements for the years ended 31 December 2012 and 2011 prepared in accordance with the International Financial Reporting Standards. Total revenues grew by 20.4% year-on-year to RR 211.0 billion for the twelve months ended 31 December 2012 from RR 175.3 billion in …
NOVATEK Closes Rouble Denominated Eurobond Issue
OAO NOVATEK announced today the closing of its four-year rouble denominated Eurobond issue in an aggregate amount of RR 14.0 billion. The annual coupon rate is set at 7.75% with coupons payable semi-annually. The Company’s CFO and Board member Mark Gyetvay stated: “We successfully placed our first rouble denominated Eurobond …