Alliance Oil Company Ltd
Operational update for third quarter of 2012
Alliance Oil Company Ltd 09.10.2012 08:00 Dissemination of a Adhoc News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Alliance Oil Company's average daily oil production for the third quarter of 2012 amounted to 53,309 bopd compared to 45,662 bopd in the third quarter of 2011. In total, 4.9 mbbl were produced in the reporting period compared to 4.2 mbbl in the third quarter of 2011. Preliminary average daily refining volumes at the Khabarovsk refinery amounted to 84,580 bopd in the third quarter of 2012 compared to 77,442 bopd in the third quarter of 2011. In total, 7.8 mbbl were refined compared to 7.1 mbbl in the third quarter of 2011. Preliminary crude oil and oil product sales amounted to 4.9 mbbl and 8.1 mbbl respectively in the third quarter of 2012 compared to 4.0 mbbl and 7.1 mbbl in the third quarter of 2011. The forecasted average upstream production for 2012 amounts to approximately 54,000 barrels per day and reflects adjustments of the fourth quarter drilling schedule. Supported by growing demand for oil products in the Russian Far East and completion of 7 new units at the Khabarovsk refinery, the forecasted average downstream production for 2012 has been increased to approximately 77,000 barrels per day[1]. Preliminary operating results in barrels per day: Upstream Downstream 2012 Production Crude oil sales Refining Oil product sales --------------------------------------------------------------------- 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 72,625 May 54,422 53,544 81,946 93,600 June 53,279 53,416 82,260 82,828 2nd quarter 53,540 53,086 78,404 82,912 July 53,732 57,533 83,643 84,496 August 53,473 50,306 84,809 88,790 September 52,725 51,099 85,417 89,565 3rd quarter 53,309 52,979 84,580 88,356 9 months 54,414 53,238 79,325 80,760 Upstream Average daily oil production in the Timano-Pechora region amounted to 21,000 bopd in the third quarter of 2012 compared to 16,000 bopd in the third quarter of 2011. Oil production in the Volga-Urals region and Kazakhstan amounted to 23,000 bopd in the third quarter of 2012 compared to 21,700 bopd in the third quarter of 2011. Oil production in the Tomsk region amounted to 9,400 bopd in the third quarter of 2012 compared to 8,000 bopd in the third quarter of 2011. In the third quarter of 2012, 21 new wells were drilled. The average daily production at the Kolvinskoye field amounted to 11,400 barrels with a total of 1.1 mbbl produced for the quarter. Downstream In the downstream segment refining capacity has been increased to 90,000 bopd as 7 new units with upgraded utilities, infrastructure and offsites were launched in 2009-2012. Utilization of the refinery remained high due to strong demand for oil products both domestically and internationally. Wholesale and export volumes increased compared to the previous quarter. Upstream and downstream production data for October 2012 will be disclosed on November 9, 2012. Third quarter financial results will be disclosed on November 21, 2012. 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 [1] Previous guidance of 55-60,000 bopd and 72-77,000 bopd for upstream and downstream respectively. Alliance Oil Company Ltd is a leading independent oil company with vertically integrated operations in Russia and Kazakhstan. Alliance Oil has proved and probable oil reserves of 648 million barrels 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. News Source: NASDAQ OMX 09.10.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Alliance Oil Company Ltd Sweden Phone: Fax: E-mail: Internet: ISIN: SE0000739286 WKN: End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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