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OMV Petrom S.A. (PETB)

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Wednesday 11 July, 2018

OMV Petrom S.A.

Q2/18 Trading Update Key Performance Indicators

RNS Number : 2714U
OMV Petrom S.A.
11 July 2018
 

OMV Petrom Q2/18 Trading Update Key Performance Indicators

 

This trading update provides basic provisional information on the economic environment as well as OMV Petrom Group's key performance indicators for the quarter ended June 30, 2018. The OMV Petrom Group's results for Q2/18 will be published on August 2, 2018. The information contained in this trading update may be subject to change and may differ from the final numbers of the quarterly report.

 

 

Economic environment

 Q2/17

 Q3/17

 Q4/17

Q1/18

 Q2/18

 Average Brent price (USD/bbl)

49.64

52.08

61.26

66.82

74.39

 Average Urals price (USD/bbl)

48.49

51.36

60.77

65.17

72.74

 Average USD/RON FX-rate

4.138

3.901

3.923

3.786

3.904

 Average EUR/RON FX-rate

4.552

4.581

4.617

4.655

4.652

 Source: Reuters/Platts, NBR

 






 Upstream

Q2/17

Q3/17

Q4/17

Q1/18

Q2/18

 Total hydrocarbon production (kboe/d)

169

166

165

162

160

   thereof crude oil and NGL production (kboe/d)

76

74

73

73

74

   thereof natural gas production (kboe/d)

93

92

92

89

86

 Total hydrocarbon sales volume (mn boe)

14.6

14.6

14.3

13.5

13.7

 Average realized crude price (USD/bbl)

41.59

44.05

52.61

57.36

64.65







 Downstream Oil

Q2/17

Q3/17

Q4/17

Q1/18

Q2/18

 Indicator refining margin (USD/bbl)*

8.51

8.75

6.16

6.56

6.72

 Refinery utilization rate (%)

94

93

91

94

49

 Total refined product sales (mn t)

1.28

1.40

1.26

1.12

1.13







 Downstream Gas

Q2/17

Q3/17

Q4/17

Q1/18

Q2/18

 Gas sales volumes to third parties (TWh)

11.33

9.09

11.13

12.13

9.51

 Net electrical output (TWh)

0.16

0.75

1.05

0.89

0.42

* The actual refining margins realized by OMV Petrom may vary from the indicator refining margin due to different crude slate, product yield and operating conditions

 

 

The 45 days full site Petrobrazi refinery turnaround is expected to have impacted the Q2/18 Downstream Oil Clean CCS Operating Result by around RON 150 mn compared to Q1/18. This turnaround also led to higher levels of own crude oil stored, thus translating into not yet realized profits at the Group level of approximately RON 260 mn, which are eliminated in the consolidation line.

 

 

Contact details:

OMV Petrom Investor Relations

Tel: +40 372 161 930; Fax: +40 372 868 518
E-mail:
[email protected]

 

 

 

 

 

Disclaimer regarding forward-looking statements

This report may contain forward-looking statements. These statements reflect the Company's current knowledge and its expectations and projections about future events and may be identified by the context of such statements or words such as "anticipate," "believe", "estimate", "expect", "intend", "plan", "project", "target", "may", "will", "would", "could" or "should" or similar terminology. By their nature, forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company's control that could cause the Company's actual results and performance to differ materially from any expected future results or performance expressed or implied by any forward-looking statements.

None of the future projections, expectations, estimates or prospects in this report should in particular be taken as forecasts or promises nor should they be taken as implying any indication, assurance or guarantee that the assumptions on which such future projections, expectations, estimates or prospects have been prepared or the information and statements contained herein are accurate or complete.

As a result of these risks, uncertainties and assumptions, you should in particular not place reliance on these forward-looking statements as a prediction of actual results or otherwise. This report does not purport to contain all information that may be necessary in respect of the Company or its shares and, in any event, each person receiving this report needs to make an independent assessment. The Company undertakes no obligation publicly to release the results of any revisions to any forward-looking statements in this report that may occur due to any change in its expectations or to reflect events or circumstances after the date of this report.

 

 


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