LONDON (Alliance News) - Volga Gas PLC on Tuesday said its average daily production from Russian assets was flat in January on the prior month.
The company said average production of gas, oil and condensate in January totalled 5,814 barrels of oil equivalent daily, broadly flat compared to 5,803 barrels in December.
Gas production was unchanged at 21.6 million cubic feet per day, oil output declined by 10% to 463 barrels per day, while condensate output increased by 9.0% to 1,413 barrels per day from 1,296 barrels in December.
Looking ahead, Volga Gas expects 2019 production to average 5,900 barrels of oil equivalent per day. In 2018, the company's average oil production stood at 5,144 barrels daily.
Shares in Volga Gas were trading 0.1% lower on Tuesday at 47.47 pence each.
