Operational update for November 2012
12/10/2012 2:22 AM EST
Alliance Oil Company Ltd
Company Announcement
Operational update for November 2012
Alliance Oil Company’s average oil production for November 2012 amounted to
52,325 bopd. In the first eleven months of 2012, oil production totalled 18.1
mbbl compared to 16.0 mbbl in the same period in 2011. Preliminary average
refining volumes at the Khabarovsk refinery amounted to 82,067 bopd in November
2012. In the first eleven months of 2012 refining throughput totalled 26.8 mbbl
compared to 24.6 mbbl in the same period in 2011.
The forecasted total oil production for 2012 amounts to approximately 19.7
million barrels or an average daily production of approximately 54,000 barrels,
in line with previous guidance. The total refining volumes 2012 are forecasted
at approximately 29.3 million barrels or an average of approximately 80,000
barrels per day (previous guidance 77,000 bopd).
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 53,692 82,067 78,317
The average production at the Kolvinskoye oil field amounted to 11,666 bopd
with a total of 0.35 mbbl produced in November 2012.
Upstream and downstream production data for December 2012 and fourth quarter
2012 will be disclosed on January 11, 2013. 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 oil 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.