PAO Novatek increased hydrocarbons production by 1.5% year-on-year (2.3 MMboe) to 158.9 MMboe in this year’s second quarter.
In a preliminary report July 12, the operator said production include3d 20.35 billion cu m (bcm) of natural gas, and 3.0 million tons of liquids (gas condensate and crude oil).
Hydrocarbon production for first-half 2023 totaled 321.9 MMboe, including 41.23 bcm of natural gas and 6.1 million tons of liquids—a total increase of 5.3 million boe, or 1.7% compared with first-half 2022.
In second-quarter 2023, preliminary total natural gas sales volumes, including volumes of LNG sold, aggregated 18.31 bcm—an increase of 7.7% compared with the corresponding volumes in second-quarter 2022. Natural gas volumes sold in the Russian Federation were 15.06 bcm—an increase of 1.8% compared with the prior year period, whereas LNG volumes sold on international markets amounted to 3.24 bcm, representing a growth of 47.3%, the operator said.
In second-quarter 2023 and first-half 2023, Novatek processed 3.3 and 6.8 million tons, respectively, of unstable gas condensate at the Purovsky processing plant, representing an increase in processed volumes of 5.5% and 3.8% compared with the corresponding periods in 2022.
In second-quarter 2023 and first-half 2023, the operator processed 1.7 and 3.4 million tons, respectively, of stable gas condensate at the Ust-Luga complex, which was 1.5% and 0.6% higher compared with the corresponding periods in 2022.
Preliminary data for the year’s second quarter show petroleum product sales volumes aggregated 1.8 million tons, including 1.1 million tons of naphtha, 0.3 million tons of jet fuel, and 0.4 million tons of fuel oil and gasoil. NOVATEK sold 0.6 million tons of crude oil and 0.7 million tons of stable gas condensate.
As of June 30, Novatek had 0.8 bcm of natural gas, including LNG, and 1.3 million tons of stable gas condensate and petroleum products in storage or transit and recognized as inventory, the operator continued.