Operations

Novus Oilfield Blocks

About Novus

Novus was committed to implementing the various work plans for 2024, and fully organised production and operation by focusing on key targets of the year. Although the international oil and gas market exhibited characteristics of high volatility, weak demand, and strong game under the backdrop of escalating geopolitical conflicts, divergent energy policies, and weakened growth momentum of global economy, the overall operating condition of Novus maintained good resilience.

Financial highlights

For the year ended 31 Dec 2024 2023 Change
Sales Volume of Oil and Gas (BOE) 843,000 1,093,000 -22.95%
Revenue (HKD’000) 331,333 501,817 -33.97%
Operating Profit (HKD’000) (4,300) 33,431 N/A


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