NOVATEK performs routine maintenance at core fields
OAO Novatek
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:
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”.
