ROSNEFT OIL COMPANY: Operatings results for 4Q -3-
DJ ROSNEFT OIL COMPANY: Operatings results for 4Q and 12M 2020
ROSNEFT OIL COMPANY (ROSN)
ROSNEFT OIL COMPANY: Operatings results for 4Q and 12M 2020
12-Feb-2021 / 14:00 MSK
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014
(MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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OPERATING RESULTS FOR 4Q AND 12M 2020 - ROSNEFT ANNOUNCED CARBON MANAGEMENT PLAN AND CLIMATE GOALS TO 2035 - 4Q 2020 LIQUIDS PRODUCTION INCREASED BY 1.9% QOQ TO 3.98 MMBPD - 4Q 2020 GAS PRODUCTION INCREASED BY 7.5% QOQ TO 16.08 BCM - THE COMPANY LAUNCHED 2 NEW KEY PROJECTS - ERGINSKY LICENSE AREA AND SEVERO-DANILOVSKOYE FIELD - WITH THE POTENTIAL
UK: IGas Energy provides trading and reserves update
11 Feb 2021
IGas has provided an operational, reserves and financial update for the year ended 31 December 2020. Final results for the year are expected to be announced on 7 April 2021. The information contained in this statement has not been audited and may be subject to change.
Operational Highlights
Net production averaged 1,907 boepd for the year, within guidance, while operating costs for the year were c. $33/boe (at an average 2020 exchange rate of £1:$1.29).
We anticipate net production of between 2,150-2,350 boepd and operating costs of c.$32/boe (assuming an exchange rate of £1:$1.35) in 2021, albeit subject to the ongoing challenges that COVID-19 presents.
Russia s Novatek Reports Resource Bump
Jan 19, 2021 11:25:am
Summary
by: Joe Murphy
Posted in:
Russia s Novatek Reports Resource Bump
The proven and probable oil and gas reserves of Russia s Novatek were estimated by DeGolyer & MacNaughton to be 29.32bn barrels of oil equivalent at the end of last year, the company said on January 19, marking a 2% increase from the end of 2019.
The growth in proven reserves was only 0.6% to 16.37bn boe. Novatek has enough proven reserves to satisfy production in 2020 for 27 years without additional exploration, down from 28 the year before.
Novatek attributed the bump in reserves to exploration work at the Geofizicheskoye, Utrenneye and Nyakhartinskoye fields and production drilling at the Urengoyskoye, East-Tazovskoye, North-Russkoye, Utrenneye and South-Tambeyskoye fields. Recovery rates also increased at the Yurkharovskoye and Yarudeyskoye fields, it said.