Alliance Oil Company's total average daily oil and gas production for March and
for the first quarter of 2013 amounted to 62,304 barrels of oil equivalent
(boepd)[i] and 57,359 boepd[ii]respectively. In total, 5.2 million barrels of
oil equivalent (mboe) were produced in the first quarter of 2013. Preliminary
average daily refining volumes at the Khabarovsk refinery amounted to 90,931
bopd in March and 87,006 bopd in the first quarter of 2013. In total, 7.8 mbbl
were refined in the first quarter of 2013.
Upstream, boepd Oil production Gas production Total production Sales -------------------------------------------------------------------------- -------------------------------------------------------------------------- Average 2012 53,932 - 53,932 52,645 -------------------------------------------------------------------------- January 2013 51,982 - 51,982 51,867 February 2013 52,908 4,882 57,790 55,771 March 2013 53,214 9,090 62,304 60,542 1st quarter 2013 52,701 4,658 57,359 56,060
Downstream, bpd Refining Sales ---------------------------------- ---------------------------------- Average 2012 80,122 81,621 ---------------------------------- January 2013 84,081 74,776 February 2013 85,898 87,137 March 2013 90,931 89,425 1st quarter 2013 87,006 83,667
Upstream
In the first quarter of 2013 average oil production in the Timano-Pechora region amounted to 19,693 bopd, in the Volga-Urals region - 20,363 bopd, in the Tomsk region - 10,211 bopd and in Kazakhstan - 2,434 bopd. In the first quarter of 2013, 16 new wells were drilled.
Gas production in the Tomsk region amounted to 3,248 boepd in the first quarter of 2013. In the Khanty-Mansiysk region, non-consolidated gas production in the first quarter of 2013 amounted to 2,765 boepd, out of which 1,410 boepd were included in the reporting as equity interest.
Downstream
In the downstream segment, the refinery capacity utilization was record high in the first quarter of 2013 primarily due to strong demand for oil products domestically and in the bunker market. Production of Euro-5 standard gasoline commenced at the Khabarovsk refinery in the reporting period.
Upstream and downstream production data for April 2013 will be disclosed on May 13, 2013. First quarter 2013 financial results will be disclosed on May 22, 2013.
For further information please contact:
Arsen Idrisov, Managing Director, Alliance Oil Company, Tel.: +7 495 777 18 08
Eric Forss, Chairman, Alliance Oil Company, Tel.: +46 8 611 49 90
Also visit www.allianceoilco.com
[i]In March 2013, 59,621 boepd constituted consolidated production and 2,683 boepd constituted equity interests.
[ii]In the first quarter of 2013, 55,949 boepd constituted consolidated production and 1,410 boepd constituted equity interests.
Alliance Oil Company Ltd is a leading independent oil company with vertically integrated operations in Russia and Kazakhstan. Alliance Oil has substantial oil and gas reserves and downstream operations that include the Khabarovsk refinery and the leading network of gas stations and wholesale oil products terminals in the Russian Far East. Alliance Oil's depository receipts are traded on the NASDAQ OMX Nordic under the symbol AOIL.
Attachment:
https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=427035
Upstream, boepd Oil production Gas production Total production Sales -------------------------------------------------------------------------- -------------------------------------------------------------------------- Average 2012 53,932 - 53,932 52,645 -------------------------------------------------------------------------- January 2013 51,982 - 51,982 51,867 February 2013 52,908 4,882 57,790 55,771 March 2013 53,214 9,090 62,304 60,542 1st quarter 2013 52,701 4,658 57,359 56,060
Downstream, bpd Refining Sales ---------------------------------- ---------------------------------- Average 2012 80,122 81,621 ---------------------------------- January 2013 84,081 74,776 February 2013 85,898 87,137 March 2013 90,931 89,425 1st quarter 2013 87,006 83,667
Upstream
In the first quarter of 2013 average oil production in the Timano-Pechora region amounted to 19,693 bopd, in the Volga-Urals region - 20,363 bopd, in the Tomsk region - 10,211 bopd and in Kazakhstan - 2,434 bopd. In the first quarter of 2013, 16 new wells were drilled.
Gas production in the Tomsk region amounted to 3,248 boepd in the first quarter of 2013. In the Khanty-Mansiysk region, non-consolidated gas production in the first quarter of 2013 amounted to 2,765 boepd, out of which 1,410 boepd were included in the reporting as equity interest.
Downstream
In the downstream segment, the refinery capacity utilization was record high in the first quarter of 2013 primarily due to strong demand for oil products domestically and in the bunker market. Production of Euro-5 standard gasoline commenced at the Khabarovsk refinery in the reporting period.
Upstream and downstream production data for April 2013 will be disclosed on May 13, 2013. First quarter 2013 financial results will be disclosed on May 22, 2013.
For further information please contact:
Arsen Idrisov, Managing Director, Alliance Oil Company, Tel.: +7 495 777 18 08
Eric Forss, Chairman, Alliance Oil Company, Tel.: +46 8 611 49 90
Also visit www.allianceoilco.com
[i]In March 2013, 59,621 boepd constituted consolidated production and 2,683 boepd constituted equity interests.
[ii]In the first quarter of 2013, 55,949 boepd constituted consolidated production and 1,410 boepd constituted equity interests.
Alliance Oil Company Ltd is a leading independent oil company with vertically integrated operations in Russia and Kazakhstan. Alliance Oil has substantial oil and gas reserves and downstream operations that include the Khabarovsk refinery and the leading network of gas stations and wholesale oil products terminals in the Russian Far East. Alliance Oil's depository receipts are traded on the NASDAQ OMX Nordic under the symbol AOIL.
Attachment:
https://newsclient.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=427035
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