Total revenues grew by 30.1% year-on-year to RR 117,024 million for the twelve months ended 31 December 2010 from RR 89,954 million in the corresponding period of 2009, reflecting the overall growth in our hydrocarbon production and sales volumes as well as higher prices for both natural gas and liquid hydrocarbons.
As a result of the higher revenues and our ability to decrease costs as a percentage of total revenues, profit attributable to NOVATEK shareholders increased by 55.6% to RR 40,533million, or RR 13.37 per share as compared to RR 26,043million, or RR 8.59 per share for the corresponding period in 2009.
In 2010, total consolidated natural gas production increased by 4,855 mmcm, or 15.0%, compared to 2009 due to an increase in production at our Yurkharovskoye field resulting from the launches of the second and third stages of the field’s second phase development in October 2009 and 2010, respectively.
Our liquids production increased by 579 thousand tons, or 19.1%, to 3,617 thousand tons compared to 3,038 thousand tons in 2009, due to the expansion of unstable gas condensate production capacity at our Yurkharovskoye field as a result of the field’s ongoing development program. The increase in 2010 unstable gas condensate production allowed us to increase stable gas condensate and LPG sales volumes by 7.4% and 17.0%, respectively, compared to 2009.
At 31 December 2010, we had 264 thousand tons of stable gas condensate in transit or storage and recognized as inventory until such time as it is delivered to customers as compared to 111 thousand tons as of 31 December 2009. In 2010, our natural gas inventory balance as of 31 December 2010 increased to 790 million cubic meters compared to 744 million cubic meters at the end of the 2009 period.
19 Января 2025 | воскресенье | 20:56
