SPOILER ALERT!
Russia's Rosneft Q2 gas result up 13.3% on year to 15.29 Bcm
Russia's biggest crude manufacturer Rosneft raised hydrocarbons result by 2.9% in the 2nd quarter, regardless of remaining to post a minor decline in unrefined manufacturing.
Rosneft produced 5.15 mil b/d of oil matching of hydrocarbons in Q2, consisting of 4.126 mil b/d of crude, down a little by 0.15% year on year, and also 15.29 Bcm of gas, up 13.3% on the exact same duration in 2014.
Rosneft has lately been the just significant crude manufacturer to post a continuing fall in unrefined output, because of natural decline at its existing areas in West Siberia.
Yet the business's Q2 figures reveal that it might be on the edge of reversing this trend, showing a far more positive production profile than preliminary energy ministry data launched earlier. This indicated that the firm's unrefined outcome dropped 1% in January-April, 0.9% in January-May and 0.9% in January-June.
Rosneft said that "in problems of negative macroeconomic atmosphere the firm is focusing on limiting the decrease in everyday crude oil production prices at brownfields via the advancement of its own exploration organisation as well as the execution of wellworks program throughout the year."
'All hands on deck' to conserve West Virginia coal: organization president has actually significantly enhanced manufacturing drilling this year, upping production exploration meterage by greater than 30% compared to the first half of 2014, as well as putting into usage greater than 800 new wells, the company stated in monitoring analysis released alongside the results.
Rosneft's general hydrocarbons manufacturing has been expanding because of a variety of new gas projects.
In the first fifty percent of the year Rosneft's gas manufacturing increased by 16.4% year on year, which the firm placed down to placing new gas wells and also centers into procedure in the second fifty percent of 2014.
Rosneft somewhat raised refining result, by 0.55% to 23.75 mil mt in the second quarter.
Its overall handling in the first fifty percent of this year was down 0.8% to 48.09 million mt, "as a result of a temporary halt of handling at the Mozyr refinery under a processing agreement in Q1 2015 come with by re-allocation of petroleum to higher low trading channels in Q1 2015," the firm claimed.
Rosneft produced 5.15 mil b/d of oil matching of hydrocarbons in Q2, consisting of 4.126 mil b/d of crude, down a little by 0.15% year on year, and also 15.29 Bcm of gas, up 13.3% on the exact same duration in 2014.
Rosneft has lately been the just significant crude manufacturer to post a continuing fall in unrefined output, because of natural decline at its existing areas in West Siberia.
Yet the business's Q2 figures reveal that it might be on the edge of reversing this trend, showing a far more positive production profile than preliminary energy ministry data launched earlier. This indicated that the firm's unrefined outcome dropped 1% in January-April, 0.9% in January-May and 0.9% in January-June.
Rosneft said that "in problems of negative macroeconomic atmosphere the firm is focusing on limiting the decrease in everyday crude oil production prices at brownfields via the advancement of its own exploration organisation as well as the execution of wellworks program throughout the year."
'All hands on deck' to conserve West Virginia coal: organization president has actually significantly enhanced manufacturing drilling this year, upping production exploration meterage by greater than 30% compared to the first half of 2014, as well as putting into usage greater than 800 new wells, the company stated in monitoring analysis released alongside the results.
Rosneft's general hydrocarbons manufacturing has been expanding because of a variety of new gas projects.
In the first fifty percent of the year Rosneft's gas manufacturing increased by 16.4% year on year, which the firm placed down to placing new gas wells and also centers into procedure in the second fifty percent of 2014.
Rosneft somewhat raised refining result, by 0.55% to 23.75 mil mt in the second quarter.
Its overall handling in the first fifty percent of this year was down 0.8% to 48.09 million mt, "as a result of a temporary halt of handling at the Mozyr refinery under a processing agreement in Q1 2015 come with by re-allocation of petroleum to higher low trading channels in Q1 2015," the firm claimed.
