26th Aug 2009 16:05
NOVATEK PERFORMS ROUTINE MAINTENANCE AT CORE FIELDS
OAO NOVATEK ("NOVATEK" and/or the "Company") announced today that it is carrying out planned routine maintenance and inspection of equipment and facilities at two of its core fields, East-Tarkosalinskoye and Khancheyskoye. The Company also carried out additional work to improve the East-Tarkosalinskoye field's internal gas pipeline network, to prevent future production stoppages, and general maintenance on the Khancheyskoye field's separation equipment. As a result of the planned work NOVATEK has temporarily suspended production from the Khancheyskoye field for two days and the East-Tarkosalinskoye field for four days and expects them to return to full operation on the 26 and 28 of August, respectively.
NOVATEK was able to increase production volumes from these fields prior to, and also after, the maintenance work based on an agreement with Gazprom for increased deliveries to the Unified Gas Supply System and expects overall production volumes in August 2009 to be in line with production volumes in July 2009.
For further information, please visit www.novatek.ru or contact:
| Press Service +7 (495) 721 2207
| Investor Relations +7 (495) 730 6020 |
OAO NOVATEK is Russia's largest independent gas producer and the second-largest natural gas producer in Russia. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. The Company's upstream activities are concentrated in the prolific Yamal-Nenets Region, which is the world's largest natural gas producing area and accounts for over 90% of Russia's natural gas production and 20% of the world's gas production. NOVATEK is an open joint stock company established under the laws of the Russian Federation. The Company's shares are listed on the Russian Trading System (RTS) and the London Stock Exchange (LSE) under the ticker symbol 'NVTK' and on the NASDAQ PORTAL System as Rule 144A GDR under the ticker symbol "NVATY".
Copyright Business Wire 2009
Related Shares:
NVTK.L