Lukoil

President of LUKOIL Vagit Alekperov and Chairman of the Management Committee of Gazprom Alexey Miller have held a working meeting in Saint Petersburg today. The parties discussed current issues of cooperation between the two companies. Special attention was given to the project of developing the Vaneyvisskoye and Layavozhskoye fields and, in particular, …

LUKOIL has become the first company in Russia to successfully develop and implement own completion system for horizontal wells. The high technological reliability of the new import substituting equipment will make it possible for the Company to start the commercial production of reserves which till recently was hindered due to lack …

LUKOIL’s cumulative production of oil has exceeded 35 million tonnes at its Yury Korchagin and Vladimir Filanovsky fields in the North Caspian Sea. LUKOIL carried on with these projects in 2020. In particular, new production wells were drilled, as well as side-track wells to intensify influx of hydrocarbons. In 2020, …

1. Shale Oil in Russia and the Bazhenov Formation In Russia, the main volume of shale oil (LTO*) resources is located in the Bazhenov, Domanik, and Khadum formations, of which the first is the most promising. The Bazhenov formation is a group of mature source rocks found over an area …

President of LUKOIL Vagit Alekperov and Chairman of the Management Committee of Gazprom Alexey Miller signed the Master Agreement on the Terms of the Development of Vaneyvisskoye and Layavozhskoye fields (located in the Nenets region, Russia) today. Governor of the Nenets Autonomous District Yuri Bezdudny also took part in the signing ceremony. …

PJSC LUKOIL was awarded the Grand Prix, as well as victories in two nominations at once in the Eventiada IPRA Golden World Awards, the largest in Eastern Europe and Central Asia, in the field of mass communications. Starting this year, the competition is being held in partnership with the United …

PJSC LUKOIL today released its condensed interim consolidated financial statements for the three and nine month periods ended 30 September 2020, prepared in accordance with International Financial Reporting Standards (IFRS). Financial highlights 3Q 2020 2Q 2020   9M 2020 9M 2019 (RUB bln) 1,456.7 986.4 Sales 4,109.1 5,928.8 202.2 144.4 EBITDA 497.5 958.0 152.0 …

The family-clan community “Nekutsya” in the Nenets Autonomous Okrug will clean up the nearby areas of the tundra, including the shores of the Barents Sea. For these purposes, a grant from the Competition for Social and Cultural Projects of PJSC LUKOIL has been used to purchase an environmentally friendly Yag-Mort all-terrain …

LUKOIL and Rostelecom have agreed to cooperate in the area of telecommunication services. The cooperation is based on the agreement of Rostelecom to buy a 50.1% share in LUKOIL-INFORM, a wholly-owned subsidiary of the Company which provides telecommunication and IT support services to Russian-based entities of the LUKOIL Group. The …

For the nine months of 2020 LUKOIL Group’s average hydrocarbon production excluding the West Qurna-2 project was 2,065 kboe per day, which is 11.6% lower year-on-year. In the third quarter of 2020 hydrocarbon production was 1,885 kboe per day, which is 4.9% lower quarter-on-quarter. Production was reduced due to the …