Date: 5 months ago   Category: Energy

Novatek in the III quarter has increased capital expenditure by 3,5 times — to 24,3 billion rubles — Rambler News Service


Novatek has increased capital expenditure in the III quarter 2018 by 3,5 times in comparison with an indicator for the same period of last year — to 24,292 billion rubles, follows from materials of the company. In the III quarter 2017 capital expenditure of Novatek made 6,932 billion rubles. "A considerable part of capital investments belonged to development of our future LNG projects: to the Arktik of LNG 2 project and the project on creation of the center of construction of large-capacity sea constructions in Murmansk region. For these purposes we have continued to invest in development of the Salmanovsky (Morning) field and development of the project documentation for construction of the new LNG plant and also have continued construction of the center in Murmansk region" — Novatek specifies. Besides, capital investments belonged to the continuing development of oil pools on East Tarkosalinsky and Yarudeysky fields and also to the continuing development of the North Russian and East Tazovsky of license areas and prospecting drilling on the North Ob license area. Earlier the head of Novatek Leonid Mikhelson reported that the company plans capital expenditure in 2018 at the level of 90 billion rubles.

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