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Novatek Announced Preliminary Operating Data for Q2 and H1 2019

Gasoil News - Published on Wed, 17 Jul 2019

Image Source: SteelGuru
Pao Novatek reported that preliminary operating data for the second quarter and first half 2019. In the Q2 2019, Novatek’s hydrocarbon production totaled 149.0 million barrels of oil equivalent, including 18.91 billion cubic meters of natural gas and 3,035 thousand tonnes of liquids, resulting in an increase in total hydrocarbons produced by 17.2 million boe, or by 13.1% as compared with the second quarter 2018.

In the H1 2019, Novatek’s hydrocarbon production totaled 296.1 million boe, including 37.57 bcm of natural gas and 6,022 thousand tons of liquids, resulting in an increase in total hydrocarbons produced by 31.8 million boe, or by 12.0% as compared to the first half 2018.

In the Q2 and H1 2019, the Company processed 2,697 and 5,390 thousand tons, respectively, of unstable gas condensate at the Purovsky Processing Plant, representing a decrease in processed volumes by 3.3% and 2.9%, as compared with the corresponding periods in 2018. In the second quarter and first half 2019, Novatek processed 1,698 and 3,463 thousand tons, respectively, of stable gas condensate at the Ust-Luga Complex, which was 4.3% and 2.4% lower as compared with the corresponding periods in 2018.

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Posted By : Sanju Moirangthem on Wed, 17 Jul 2019
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