Lukoil

The Board of Directors of PJSC LUKOIL held a meeting in Moscow today. The following quantitative and personal composition of the Management Committee was approved: Vagit Alekperov                                            President Vyacheslav Verkhov                                     Chief Accountant Vadim Vorobyev                                           First Executive Vice President Denis Dolgov                                                 Vice President for Power Generation Pavel …

LUKOIL has successfully tested an open hole technology at its fields in the Komi Republic and West Siberia. The new method has been tested at Vozeyskoe, Usinskoye, Kyrtaelskoye, Potochnoye and Povkhovskoye fields, where hydraulic fracturing is used to stabilize hydrocarbons production and stimulate wells. Equipment used for the open hole …

Gazprom Neft, LUKOIL and Tatneft have closed a transaction on establishing a joint venture for the exploration and production of hard-to-recover hydrocarbon reserves in the Orenburg Oblast. The new business’s — New Oil Production Technologies LLC’s — asset portfolio includes the Savitsky and Zhuravlevsky license blocks. Each party has been allocated an equal one-third interest in the joint venture. …

Gazprom Neft, LUKOIL and Tatneft have closed a transaction on establishing a joint venture for the exploration and production of hard-to-recover hydrocarbon reserves in the Orenburg Oblast. The new business’s — New Oil Production Technologies LLC’s — asset portfolio includes the Savitsky and Zhuravlevsky license blocks. Each party has been allocated an equal one-third interest in the joint venture. …

LUKOIL reports on the approval of the amendments to the Group’s Health, Safety and Environmental Protection in the 21st Century Policy (the Policy) aimed at further development of the Company’s carbon management system. The amendments were made pursuant to the resolution of the Company’s Board of Directors to start developing further goals to …

PJSC “LUKOIL” released its condensed interim consolidated financial statements for the three-month period ended March 31, 2020 prepared in accordance with International Financial Reporting Standards (IFRS). Financial Highlights 1Q 2020 4Q 2019   1Q 2020 1Q 2019 (RUB bln) 1,666.0 1,912.4 Sales 1,666.0 1,850.9 150.8 278.2 EBITDA 150.8 298.1 109.2 211.8 Exploration and production …

LUKOIL completed installation of a jacket for an accommodation platform topside at the V.I. Grayfer field in the Caspian Sea. The offshore operations involved 110 workers and nine vessels. The facility was brought to the offshore installation site via the Volga-Caspian Shipping Canal. After the floatover and grounding, the substructures …

In the first quarter of 2020 LUKOIL Group’s average daily hydrocarbon production excluding the West Qurna-2 project totaled 2,328 thousand boe per day, which is 2.1% lower year-on-year and 2.5% lower quarter-on-quarter. The decline in production was driven by lower gas supply to China from projects in Uzbekistan due to …

LUKOIL has signed a trilateral memorandum with Sulzer Ltd. and Kogalym Oilfield Equipment Service LLC (KNPO), which involves establishing a service company to maintain, repair and upgrade LUKOIL’s rotating equipment including compressors, pumps, etc. in the West Siberian region. The memorandum envisages the localization of spare parts production for energy-efficient …

LUKOIL Uzbekistan Operating Company took a whole range of measures for the safety of all its employees, and also transferred funds to charity organizations as part of the fight against COVID-19. Coronavirus shocked the world, becoming a key theme of all the news feeds. Viral infection looms the number 1 …