Operational update for 2012
1/11/2013 2:00 AM EST
Alliance Oil Company Ltd
Company Announcement
Operational update for 2012
In 2012, Alliance Oil Company’s total upstream volumes increased by 10% to 19.7
mbbl (53,900 bopd) from 17.9 mbbl (49,000 bopd) in 2011. The preliminary
refining volumes in 2012 increased by 13% to 29.3 mbbl (80,100 bopd) from 26.9
mbbl (73,650 bopd). Preliminary crude oil and oil product sales amounted to
19.3 mbbl and 29.9 mbbl respectively in 2012 compared to 17.5 mbbl and 26.9
mbbl in 2011.
Preliminary operating results in barrels per day:
Upstream Downstream
2012 Production Crude oil sales Refining Oil product sales
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January 59,421 56,734 77,531 65,865
February 55,187 54,444 78,390 77,634
March 54,481 49,752 69,129 69,377
1st quarter 56,363 53,643 75,017 70,959
April 52,918 52,297 70,888 72,326
May 54,422 53,544 81,946 93,238
June 53,279 53,416 82,260 83,224
2nd quarter 53,540 53,086 78,404 82,930
July 53,732 57,533 83,643 85,823
August 53,473 50,306 84,809 89,682
September 52,725 51,113 85,417 89,733
3rd quarter 53,309 52,984 84,580 88,413
October 52,947 48,602 82,943 85,406
November 52,325 51,266 82,067 80,265
December 51,693 52,767 82,458 86,591
4th quarter 52,322 50,878 82,494 84,129
FY 2012 53,888 52,645 80,122 81,621
Upstream
The average daily oil production in the Timano-Pechora region amounted to
22,825 barrels in 2012 compared to 19,665 barrels in 2011. Oil production in
the Volga-Urals region and Kazakhstan amounted to 22,282 bopd in 2012 compared
to 21,265 bopd in 2011. Oil production in the Tomsk region amounted to 8,781
bopd in 2012 compared to 8,054 bopd in 2011. In 2012, 98 new wells were
drilled. In 2012, the average daily production at the Kolvinskoye field
amounted to 12,996 barrels with a total of 4.8 mbbl produced for the year and
11,877 bopd with a total of 0.37 mbbl produced in December.
Downstream
In the downstream segment, the refinery capacity utilization was record high in
2012 due to strong demand for oil products both domestically and
internationally. The refining capacity increased to 90,000 bopd in 2012. Retail
and export volumes increased compared to the previous year.
Upstream and downstream production data for January 2013 will be disclosed on
February 11, 2013 and monthly thereafter. Fourth quarter and full year 2012
financial results will be disclosed on February 21, 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
Alliance Oil Company Ltd is a leading independent oil and gas company with
vertically integrated operations in Russia and Kazakhstan. Alliance Oil has
proved and probable reserves of 760 million barrels of oil equivalent and
downstream operations that includes 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.