Net profit of “Yamal development” made up 4.6 bln roubles in Q1
Edited by Rhod Mackenzie / 2015-08-10 10:41:51
The net profit of “Yamal development”, a JV of Gazprom Neft and Novatek, made up 4.607 bln roubles in Q1 2015 against a loss of 2.4 bln roubles in Q1 2014, is Gazprom’s report under IAS for Q1 2015.
Gazprom’s stake in the net profit made up 2.625 bln roubles.
The revenue of “Yamal development” in Q1 2015 amounted to 23.631 bln roubles.
“Yamal development” is a shareholder of “SeverEnergy”. SeverEnergy holds the licenses for the development of the Samburgsky, Evo-Yakhinsky, Yaro-Yakhinsky and North-Chaselsky sites in the Yamal-Nenets Autonomous Area. The company’s reserves make up 1.35 trln cubic m of gas and 699 mln tons of condensate.
