Novatek increased oil and gas condensate extraction by 61.1% in Q1 2016

​In Q1 2016 Novatek increased the extraction of liquid hydrocarbons by 61.1% to 1,217 thousand tons.

In Q1 2016 the extraction made up 17.24 bln cubic m of gas and 3,208 thousand tons of liquid hydrocarbons (gas condensate and oil).

Compared with Q1 2015, the extraction of gas rose by 6.7% to 1.09 bln cubic m, of liquid hydrocarbons – by 1,217 thousand tons or 61.1%.

In 2015 the extraction made up 67.91 bln cubic m of gas and 9,094 thousand tons of liquid hydrocarbons.

The volume of processing of deethanized gas condensate at the Pur condensate processing plant made up 3,232 thousand tons having increased by 29.8% against Q1 2015.

In Q1 2016 the company processing 1,779 thousand tons of stable gas condensate at the complex in Ust-Luga, by 4.7% more than in Q1 2015.