As OMV Petrom published their Q1 2019 key performance indicators, we are bringing you key takes from the report.
OMV Petrom published a document in which they state the information on the economic environment, as well as OMV Petrom Group’s key performance indicators for Q1 2019. These can be seen in the tables below.
Note that the OMV Petrom Group’s Q1 2019 results will be published on 3 May 2019.
| Economic environment | Q1/18 | Q2/18 | Q3/18 | Q4/18 | Q1/19 | |
|---|---|---|---|---|---|---|
| 1 | Average Brent price (USD/bbl) | 66,82 | 74,39 | 75,16 | 68,81 | 63,13 |
| 2 | Average Urals price (USD/bbl) | 65,17 | 72,74 | 74,16 | 68,33 | 63,42 |
| 3 | Average USD/RON FX-rate | 3,79 | 3,90 | 4,00 | 4,08 | 4,17 |
| 4 | Average EUR/RON FX-rate | 4,66 | 4,65 | 4,65 | 4,66 | 4,74 |
| Downstream Oil | Q1/18 | Q2/18 | Q3/18 | Q4/18 | Q1/19 | |
|---|---|---|---|---|---|---|
| 1 | Indicator refining margin (USD/bbl)* | 6,56 | 6,72 | 6,62 | 5,27 | 3,62 |
| 2 | Refinery utilization rate (%) | 94,00 | 49,00 | 98,00 | 99,00 | 96,00 |
| 3 | Total refined product sales (mn t) | 1,12 | 1,13 | 1,39 | 1,35 | 1,18 |
* The actual refining margins realized by OMV Petrom may vary from the indicator refining margin due to different crude slate, product yield
| Downstream Gas | Q1/18 | Q2/18 | Q3/18 | Q4/18 | Q1/19 | |
|---|---|---|---|---|---|---|
| 1 | Gas sales volumes to third parties (TWh) | 12,13 | 9,51 | 7,54 | 9,74 | 9,79 |
| 2 | Net electrical output (TWh) | 0,89 | 0,42 | 1,04 | 1,48 | 1,08 |
| Upstream | Q1/18 | Q2/18 | Q3/18 | Q4/18 | Q1/19 | |
|---|---|---|---|---|---|---|
| 1 | Total hydrocarbon production (kboe/d) (1+2) | 162,00 | 160,00 | 160,00 | 156,00 | 153,00 |
| 2 | 1) thereof crude oil and NGL production (kboe/d) | 73,00 | 74,00 | 74,00 | 72,00 | 71,00 |
| 3 | 2) thereof natural gas production (kboe/d) | 89,00 | 86,00 | 87,00 | 84,00 | 82,00 |
| 4 | Total hydrocarbon sales volume (mn boe) | 13,50 | 13,70 | 13,70 | 13,30 | 12,80 |
| 5 | Average realized crude price (USD/bbl) | 57,36 | 64,65 | 66,35 | 59,71 | 55,66 |
