LUKOIL to Launch Another Project in Kazakhstan
LUKOIL, Russia’s 2-nd largest oil company, will add another project in Kazakhstan to its portfolio, said Kurmangazy Iskaziyev, Deputy Chairman of the Management Board for Exploration, Production and Oilfield Services at Kazakhstan’s state company KazMunaiGas, Trend reports. Iskaziyev made the remarks at the 26th International Caspian Oil & Gas Conference in Baku, …
LUKOIL: Q1 2019 Results – Revenue Up 13.5% yoy
PJSC “LUKOIL” today released its condensed interim consolidated financial statements for the three-month period ended 31 March 2019 prepared in accordance with International Financial Reporting Standards (IFRS). Financial Highlights 1Q 2019 4Q 2018 1Q 2019 1Q 2018 (RUB bln) 1,850.9 2,043.2 Sales 1,850.9 1,630.7 298.1 278.3 EBITDA 298.1 219.5 292.9 274.1 EBITDA excluding …
JSC Uzbekneftegaz to be Split Up into Three Separate Companies
Bloomberg publication has published an article on the process of reforming the oil and gas industry in Uzbekistan. The material is based on an interview with the chairman of the company Bakhodirjon Sidikov. As the author of the publication Zulfugar Agayev notes, the goal of reorganizing the JSC Uzbekneftegaz is …
LUKOIL Drills Record Breaking Wells at D41 in the Baltic Sea
LUKOIL commenced commercial operation of two wells at D41 offshore field in the Baltic Sea. Construction of one of the wells finished on February 6, 2019, the other was completed on May 7, 2019. The field is operated from an onshore site with two newly drilled horizontal wells, one of …
LUKOIL Reports Preliminary Operating Data for the First Quarter of 2019
In the first quarter of 2019 LUKOIL Group’s average hydrocarbon production excluding the West Qurna-2 project was 2,379 thousand boe per day, which is 4.1% higher year-on-year and 0.3% higher quarter-on-quarter. The increase was mainly driven by the development of gas projects in Uzbekistan. Hydrocarbon production, thousand boe per day …
LUKOIL: Arctic Spill Response Technologies Receive State Approvals
PJSC “LUKOIL” received a positive conclusion of the state environmental expertise on the technology of oil spill response on water bodies (marine and freshwater ecosystems) in the Arctic zone using sorbent materials and biotechnologies. The development of the Company received nine patents, proved its effectiveness during pilot tests and can …
LUKOIL Produced 100 Million Tons of Oil at the West Qurna-2 Field
Cumulative production at the West Qurna-2 field has reached 100 million tons of oil as part of successful implementation of Phase 1 of the project. With 184 wells drilled at the field, the average daily production rate is 400,000 barrels. To manage the field’s production, LUKOIL uses the intelligent field …
RDCR Well Engineering Forum 2019 Continues With Strong Debates
RDCR Well Engineering Forum has been very successful today with 500 delegates enjoying the Roundtable format for discussions. This Operator led show in terms of content has the highest ratio of ‘customers to service providers’ of any oil and gas forum in the FSU.
LUKOIL continues to develop infrastructure of Caspian fields
LUKOIL continues to develop the infrastructure of its fields in the north of the Caspian Sea. Thus, the company has completed construction of the seventh well at production platform number two of Vladimir Filanovsky field. The newly constructed well has two bores. The drill depth of the main bore is …
Lukoil concludes contract for hydrocarbon exploration and development on Zhenis Block in Kazakhstan
PJSC LUKOIL (“LUKOIL”), the Ministry of Energy of the Republic of Kazakhstan and JSC NC KazMunayGas (“KazMunayGas”) have concluded a contract for the exploration and development of hydrocarbons on the Zhenis block in the Kazakh Sector of the Caspian Sea. Zhenis Operating LLP (a fifty-fifty joint venture between LUKOIL and …