PAO Novatek 2016 AR2
The report highlights NOVATEK's operational and financial performance in 2016, showcasing a 3% increase in total hydrocarbon production to 537 million barrels of oil equivalent, driven by a 37% growth in liquid hydrocarbon production. Key achievements include the finalization of the external financing package for the flagship Yamal LNG project and the successful launch of the Yarudeyskoye crude oil field to full capacity. In terms of sustainability, the company approved a revised Health, Safety, and Environmental Policy, passed its second follow-up Integrated Management System compliance audit, and invested RUB 1,199 million in environmental protection. Additionally, NOVATEK reduced its injury frequency rate to 0.33 per million working hours and invested RUB 1.9 billion in social and charitable projects, including support for indigenous peoples of the Far North.
Company: PAO Novatek
Sector: Mining & quarrying
Country: Russia
Year: 2016
Type: AR2
Pages: 120
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PAO Novatek
Annual Report
The report highlights NOVATEK's operational and financial performance in 2016, showcasing a 3% increase in total hydrocarbon production to 537 million barrels of oil equivalent, driven by a 37% growth in liquid hydrocarbon production. Key achievements include the finalization of the external financing package for the flagship Yamal LNG project and the successful launch of the Yarudeyskoye crude oil field to full capacity. In terms of sustainability, the company approved a revised Health, Safety, and Environmental Policy, passed its second follow-up Integrated Management System compliance audit, and invested RUB 1,199 million in environmental protection. Additionally, NOVATEK reduced its injury frequency rate to 0.33 per million working hours and invested RUB 1.9 billion in social and charitable projects, including support for indigenous peoples of the Far North.
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Document Details
Report Year
2016
Reporting Period
2016
Fiscal Year
2016
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