PAO Novatek 2012 AR2
The report highlights OAO NOVATEK's operational and financial performance for 2012, during which the company increased its proved hydrocarbon reserves under SEC standards by 32% to 12.4 billion boe. Key achievements included launching the fourth stage of the Yurkharovskoye field's second phase development, bringing the field to its target plateau of 36.5 bcm of natural gas per annum. The company also expanded its processing capacity and domestic marketing channels, notably acquiring a 49% stake in ZAO Nortgas and an 82% stake in OOO Gazprom mezhregiongas Kostroma. On the sustainability front, NOVATEK continued implementing its integrated environmental and safety management systems and invested over RR 1.0 billion in social programs, educational initiatives, and support for indigenous peoples.
Company: PAO Novatek
Sector: Mining & quarrying
Country: Russia
Year: 2012
Type: AR2
Pages: 206
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PAO Novatek
Annual Report
The report highlights OAO NOVATEK's operational and financial performance for 2012, during which the company increased its proved hydrocarbon reserves under SEC standards by 32% to 12.4 billion boe. Key achievements included launching the fourth stage of the Yurkharovskoye field's second phase development, bringing the field to its target plateau of 36.5 bcm of natural gas per annum. The company also expanded its processing capacity and domestic marketing channels, notably acquiring a 49% stake in ZAO Nortgas and an 82% stake in OOO Gazprom mezhregiongas Kostroma. On the sustainability front, NOVATEK continued implementing its integrated environmental and safety management systems and invested over RR 1.0 billion in social programs, educational initiatives, and support for indigenous peoples.
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Document Details
Report Year
2012
Reporting Period
Jan 1, 2012 - Dec 31, 2012
Fiscal Year
2012
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Water Consumption
Employees