Rosneft PJSC said its first-half hydrocarbon production averaged 5.74 million boe/d, up 10.2% vs. first-half 2016. The company cited acquisitions and new projects development.
First-half liquids production increased 11.4% while natural gas production increased 2.9%.
Rosneft said liquids production declined 1.2% in the second quarter vs. the first quarter due to limitations for Russian oil producers related to agreements with the Organization of Petroleum Exporting Countries.
Capital expenditures of 407 billion rubles in the first half were up by 32.1% vs. the first half of 2016. Development drilling in km was up 21.9%.
Acquisition of 3D seismic in sq km was up 16.5% in the first half while acquisition of 2D seismic in km was more than four times greater than a year earlier.
Refining throughput in the first half increased 24.3%.
Rosneft’s first-half financial performance included a 23.2% revenue increase in rubles, while revenues in US dollar terms increased by 48.7%.
