OAO NOVATEK reported preliminary operating data for the fourth quarter and full year 2013.
In the fourth quarter 2013, NOVATEK’s gross production totaled 16.42 billion cubic meters (bcm) of natural gas and 1,249 thousand tons of liquids (gas condensate and crude oil). The Company’s full year 2013 gross production aggregated 62.22 bcm of natural gas and 4,774 thousand tons of liquids, resulting in an increase in natural gas production by 4.90 bcm, or by 8.5% as compared with 2012, and an increase in combined liquids production by 487 thousand tons, or by 11.4%.
In 2013, NOVATEK processed 4,862 thousand tons of unstable de-ethanized gas condensate at the Purovsky Processing Plant, of which 1,311 thousand tons was processed in the fourth quarter. The volumes of liquids processed at the Purovsky Processing Plant increased by 20.5% in 2013 as compared with 2012.