Extractive fields of Yamal helped NOVATEK to increase hydrocarbon production
14:31 17 января 2019
Категории: News in English
Last year the company “NOVATEK” extracted 548 million and 400 thousand barrels of oil equivalent of hydrocarbons, including 68 milliard 810 million cubic meters of natural gas and 11800 thousand tonnes of liquid hydrocarbons — gas condensate and oil. In comparison to 2017, hydrocarbon extraction increased by 35 million 100 thousand barrels of oil equivalent or 6.9%. In particular, natural gas extraction increased by 8.5% in comparison to the previous year.
The amount of natural gas sales, including LNG, according to the preliminary data, made 72 milliard and 120 million cubic meters. This is on 10.9% higher than during the analogous period in 2017, as it is reported to the news agency “Sever-Press” in the press center of NOVATEK. Thus, 66 milliard and 80 million cubic meters of natural gas were sold in Russia in 2018, the amount of LNG sales on international markets made 6 milliard and 40 million cubic meters. In 2017 LNG sales made 0.1 milliard cubic meters due to the start of shipment from the project “Yamal LNG” at the end of the year.
The amount of processing of de-ethanized gas condensate at the Purovsky Plant made 11017 thousand tonnes, what is less by 3.7% in comparison to 2017. Also 6949 thousand tonnes of stable gas condensate were processed at the Ust-Luga complex, the amount decreased by 0.2% in comparison to 2017.
According to the data on the 31st of December of 2018, 2 milliard 200 million cubic meters of gas, including LNG, and 854 thousand tonnes of stable gas condensate and products of its processing were recorded as “residues of ready products” and “goods in transit” within reserves.
The company “NOVATEK” is one of the largest independent natural gas producers in Russia. In 2017 the company entered the international market due to the successful launch of the project “Yamal LNG”. Its extractive fields and license areas are located mainly in Yamal-Nenets Autonomous Okrug — the world’s largest region for natural gas production.