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NOVATEK Reports Preliminary Operating Data for Nine Months 2017

October 6, 2017

Moscow, 6 October 2017. PAO NOVATEK (“NOVATEK” and/or the “Company”) reported today preliminary operating data for the nine months 2017.

NOVATEK’s marketable hydrocarbons production totaled 374.7 million barrels of oil equivalent (boe), including 46.03 billion cubic meters (bcm) of natural gas and 8,806 thousand tons of liquids (gas condensate and crude oil), resulting in a decrease in total hydrocarbons production by 30.4 million boe, or by 7.5%, as compared with the nine months 2016.

Preliminary natural gas sales volumes aggregated 47.02 bcm, which was 1.6% higher compared with the nine months 2016.

The Company processed 8,585 thousand tons of unstable gas condensate at the Purovsky Processing Plant, representing a 7.9% decrease in daily average processing volumes as compared with the corresponding volumes processed in the prior reporting period. NOVATEK processed 5,247 thousand tons of stable gas condensate at the Ust-Luga Complex, representing a 1.3% increase in daily average volumes processed at the facility in the nine months 2017.

Preliminary petroleum product sales volumes aggregated 5,077 thousand tons, including 3,063 thousand tons of naphtha, 845 thousand tons of jet fuel, and 1,169 thousand tons of fuel oil and gasoil. Export sales of stable gas condensate totaled 260 thousand tons.

As at 30 September 2017, NOVATEK had 1.38 bcm of natural gas and 703 thousand tons of stable gas condensate and petroleum products in storage or transit and recognized as inventory.


NOVATEK’s marketable hydrocarbon production
including share in production of joint ventures

 

9M 2016

9M 2017

YoY%

Natural gas, bcm

49.95

46.03

-7.8%

Liquids, thousand tons

9,387

8,806

-6.2%

Total hydrocarbons, mln boe

405.1

374.7

-7.5%

Total hydrocarbons, mln boe per day

1.48

1.37

-7.1%

 

 

  ***

Information provided in this press release presents expected results of PAO NOVATEK operations in 1H 2017. The information represents preliminary assessment only, which can be adjusted after statistical, financial, fiscal and business reporting becomes available. The information on NOVATEK’s operational results in this press release depends on many external factors and therefore, provided all permanent obligations imposed by the London Stock Exchange listing rules are unconditionally observed, cannot qualify for accuracy and completeness and should not be regarded as an invitation for investment. Therefore, the results and indicators actually achieved may significantly differ from any declared or forecasted operational results in 1H 2017. PAO NOVATEK assumes no obligation (and expressly declares that it has no such obligation) to update or change any declarations concerning any future results, both due to new information obtained, any future events or for any other reasons.

 

 

 

CONTACT FOR MEDIA

Monika Ścianek

Tel. +48 501 410 177