LUKOIL: Successfully Tries Out Casing Drilling
As a part of its technical and economic optimization programme, LUKOIL conducted controlled directional casing drilling at its Bayandyskoye and Pyakyakhinskoye fields, and received encouraging results. The Republic of Komi became the first region where the Company performed controlled directional 245 mm casing drilling featuring extractable bottom hole assembly. At …
Head of Lukoil Visits Kazakhstan
The President of the Republic of Kazakhstan Kassym-Jomart Tokayev met with President of LUKOIL Vagit Alekperov in the city of Nur-Sultan, today. The parties discussed LUKOIL’s progress in projects in Kazakhstan and plans for the future cooperation. During his business trip to Kazakhstan, Vagit Alekperov also had meetings with Prime …
One Billion Barrels of Oil Produced by LUKOIL at West Qurna-2, Iraq
LUKOIL has produced one billion barrels of oil at West Qurna-2, Iraq, since the launch of commercial operation of the field. The landmark achievement has been reached as the company stands on the threshold of its 30th anniversary. Special events on the occasion of the company’s milestone year were attended …
LUKOIL: Reports Preliminary Operating Data for the Third Quarter and Nine Months Of 2021
For the nine months of 2021 LUKOIL Group’s average hydrocarbon production excluding the West Qurna-2 project was 2,116 thousand boe per day, which is 2.5% higher year-on-year, while in the third quarter of 2021 hydrocarbon production increased by 3.2% quarter-on-quarter. The production growth was attributable to the dynamics of the …
Ugra Oilmen Produced the 300-Millionth Ton of Uray Oil
In Ugra, 300 million tons of Uray oil have been produced. A test tube with a jubilee sample of black gold was handed over to the Governor of the Okrug Natalya Komarova at the end of last week during her working trip to Urai. During his visit to the Uraineftegaz Chamber …
Russian Deputy Prime Minister Visits LUKOIL’s Production Facilities in West Siberia
Deputy Prime Minister of Russia Yury Borisov paid a visit today to the city of Kogalym (Khanty-Mansi Autonomous District – Yugra, Russia). He was accompanied by Governor of Yugra Natalya Komarova and President of PJSC LUKOIL Vagit Alekperov. At one of LUKOIL’s production facilities, LUKOIL EPU Service LLC, the deputy prime …
Gazprom Neft and LUKOIL Will Join forces to Develop Enhanced Oil Recovery Technologies
Gazprom Neft and LUKOIL signed an agreement on cooperation in the implementation of projects to enhance oil recovery. The document was signed by Alexey Vashkevich, Director for Technological Development of Gazprom Neft, and Ilya Mandrik, Vice President for Geological Exploration and Development of LUKOIL. The partners agreed to work together to …
LUKOIL and Tatarstan Develop Cooperation
Vagit Alekperov, President of PJSC LUKOIL, and Rustam Minnikhanov, President of the Republic of Tatarstan, signed a cooperation agreement today in Moscow. The parties intend to jointly develop upstream and downstream projects, production infrastructure, and public amenities. The agreement aims at increasing the efficiency of Tatarstan fuel and energy complex, …
LUKOIL Increases its Share in the Shah Deniz Project in the Caspian Sea
PJSC LUKOIL announces conclusion of an agreement on acquiring 15.5% interest in the Shah Deniz natural gas project in the Azerbaijan sector of the Caspian Sea from PETRONAS. The value of the transaction will amount to $2.25 billion, and the completion is subject to fulfilment of conditions precedent, including approval …
Is There Actually Oil in the Bazhenov Suite?
The article’s title may trigger a hefty dose of skepticism in many readers. due to the fact that the Bazhenov Suite is considered the largest oil reserve in Russia. The efforts taken to develop this reserve are about to bare fruit and the “mystery of the century” is about to …