Novatek Reports 2Q Gas, Liquids Production Increase

Russia's Novatek reported Thursday that its second-quarter production improved to 551 billion cubic feet (bcf) of natural gas and 9.7 million barrels of liquids (gas condensate and crude oil). Compared with figures for 2Q 2013, the increase in gas production was 2.6 percent while the boost to liquids production was 13.2 percent.

For the first half, Novatek's gas production was about the same as that for 1H 2013 but its combined liquids production was up 14.4 percent. When accounting for the disposal of the company's share in Sibneftgas at the end of 2013, Novatek's share of natural gas production increased by 9.9 percent during 1H 2014.

As of June 30 2014, Novatek had 56.1 billion cubic feet of natural gas and 2.6 million barrels of stable gas condensate and its products in storage or transit and recognized as inventory.

Have a news tip? Share it with Rigzone!


Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies

Our Privacy Pledge

More from this Author
Rigzone Staff
e-mail us at
 -  LyondellBasell Plans Its Largest Inves... (Jul 21)
 -  Preparing a Mechanical Engineering Res... (Jul 19)
 -  Tesoro Signs Deal with Pemex to Enter ... (Jul 19)
 -  Irish Gas Grid Could Receive LNG from ... (Jul 19)
 -  What's It Take to Land a Job as a Petr... (Jul 14)

Most Popular Articles

From the Career Center
Jobs that may interest you
Cost Accountant
Expertise: Accounting
Location: Ville Platte, LA
Margin Optimization Analyst
Expertise: Accounting|IT - SAP / ERP|Refinery Specialist
Location: Dallas, TX
Foreman Fleet Operations
Expertise: Logistics Management|Operations Management
Location: Midland, TX
search for more jobs

Brent Crude Oil : $48.6/BBL 1.12%
Light Crude Oil : $46.34/BBL 1.24%
Natural Gas : $2.9/MMBtu 2.35%
Updated in last 24 hours