OAO NOVATEK reported 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 billion cubic meters, or by 9.1%, and gross liquids production increased by 147 thousand tons, or by 14.8%, as compared with the corresponding gross production in the third quarter 2012.

In nine months 2013, gross production totaled 45.81 billion cubic meters of natural gas and 3,526 thousand tons of liquids. Natural gas production increased by 3.79 billion cubic meters, or by 9.0%, whereas gross liquids production increased by 401 thousand tons, or by 12.8% as compared with the corresponding gross production in nine months 2012.

NOVATEK processed 1,150 and 3,551 thousand tons of unstable gas condensate at the Purovsky Processing Plant, which represented a 24% and 22% increase as compared with the corresponding volumes in the third quarter and nine months 2012, respectively.

Tags: NOVATEK