The proved reserves of hydrocarbon at NOVATEK (including JVs) reached 12.394bn barrel in 2012 (SEC), the company informed.
The recovery ratio gained 842%. The volume of proved gas reserves rose to 1758bn rub. or 493bn m3 in growth. The reserves endowment rose from 25 years to 31 year.
The considerable increase in the reserves can be explained by the successful prospecting, fields drilling acquisition of licenses on Salmanovskoe and Geophysical fields and a share in Nortgaz.
NOVATEK (TIN 6316031581) is ranked as the second producer of natural gas in Russia after Gazprom. The fields are located in Yamalo-Nenetsky reg. The stocks are under trading on LSE.
It managed to increase the proved reserves (SEC) by 38.1% to 6.853bn barrels.
In 2011 the output (Sibneftegaz including) was pushed up by 15.644bn m3 (42%). The liquefied hydrocarbons volume rose by 494ths ton (13.7%) to 4.111mln ton.
The IH 2012 net profit (IAS) dropped 6.6% to 30.908bn rub.; revenues from sales being up 16.4% to 99.518bn rub.; operating profit - 3.3% to 40.892bn rub.
The 2011 net profit (RAS) rallied up 76% to 54.895bnrub. from 31.191bn rub. prior year; revenues increased 42.07% to 151.945bn rub. from 106.951bn rub.; profit from sales - 61.51% to 59.628bn rub. from 36.918bn rub.