NOVATEK release preliminary operating data

NOVATEK’s marketable hydrocarbons production totaled 374.7 million boe, including 46.03 billion m³ of natural gas and 8.8 million t 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 billion m³, which was 1.6% higher compared with the nine months 2016.

The company processed 8.6 million t 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 5.2 million t 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 milion t, including 3 million t of naphtha, 0.8 million t of jet fuel, and 1.2 million t of fuel oil and gasoil. Export sales of stable gas condensate totaled 0.3 million t.

As at 30 September 2017, NOVATEK had 1.38 billion m³ of natural gas and 0.7 million t of stable gas condensate and petroleum products in storage or transit and recognised as inventory.

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/09102017/novatek-release-preliminary-operating-data/