REG - OMV Petrom S.A. - Q4/17 Trading Update Key Performance Indicators <Origin Href="QuoteRef">ROSNP.BX</Origin>

OMV Petrom SAAnnouncement

12/01/2018 07:00

RNS Number : 7089B
OMV Petrom S.A.
12 January 2018
OMV Petrom Q4/17 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 December 31, 2017. The OMV Petrom Group's results for Q4/17 will be published on February 21, 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
Q4/16 
Q1/17 
Q2/17 
Q3/17 
Q4/17 
Average Brent price (USD/bbl) 
49.33 
53.69
49.64
52.08
61.26
Average Urals price (USD/bbl) 
47.89 
52.21
48.49
51.36
60.77
Average USD/RON FX-rate 
4.174 
4.246
4.138
3.901
3.923
Average EUR/RON FX-rate 
4.507 
4.522
4.552
4.581
4.617
Source: Reuters/Platts, NBR 





Upstream 
Q4/16 
Q1/17 
Q2/17 
Q3/17 
Q4/17 
Total hydrocarbon production (kboe/d) 
170 
170
169
166
165
 thereof crude oil and NGL production (kboe/d) 
78 
76
76
74
73
 thereof natural gas production (kboe/d) 
92 
94
93
92
92
Total hydrocarbon sales volume (mn boe) 
14.8 
14.3
14.6
14.6
14.3
Average realized crude price (USD/bbl) 
41.55 
45.09
41.59
44.05
52.61






Downstream Oil 
Q4/16 
Q1/17 
Q2/17 
Q3/17 
Q4/17 
Indicator refining margin (USD/bbl)* 
7.14 
7.58
8.51
8.75
6.16
Refinery utilization rate (%) 
96 
95
94
93
91
Total refined product sales (mn t) 
1.27 
1.13
1.28
1.40
1.26






Downstream Gas 
Q4/16 
Q1/17 
Q2/17 
Q3/17 
Q4/17 
Gas sales volumes to third parties (TWh) 
12.41 
13.75
11.33
9.09
11.13
Net electrical output (TWh) 
0.82 
0.75
0.16
0.75
1.05
* 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
We expect the Upstream Clean Operating Results in Q4/17 to be negatively impacted by around RON 220 mn exploration expenses, largely consisting of write-offs of exploration assets. 
In connection with the Collective Labor Agreement negotiations successfully finalized in December 2017, a one-time cost impact of around RON 90 mn is reflected in the Q4/17 result at Group level.
Contact details:
OMV Petrom Investor Relations
Tel: +40 372 161 930; Fax: +40 372 868 518
E-mail: investor.relations.petrom@petrom.com
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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