LUKOIL continues successful appraisal drilling at Eridu field in Iraq
LUKOIL and INPEX CORPORATION have successfully completed testing of the fifth well as part of the appraisal phase at the Eridu field (Block 10) in the southern part of Iraq. The well recorded daily flow rate of more than 1,500 cubic meters of oil from the Mishrif formation and proved …
Sergey Kochkurov was appointed Vice President for Production Services of PJSC LUKOIL; Vladislav Zubarev – New General Director of LUKOIL-Western Siberia
Sergey Kochkurov is appointed Vice President of PJSC LUKOIL for Technical Services. He previously held the position of Vice President of PJSC LUKOIL and General Director of OOO LUKOIL West-Siberia (wholly-owned subsidiary of PJSC LUKOIL). Vladislav Zubarev, previously First Deputy General Director – Chief Engineer at OOO LUKOIL West-Siberia, succeeds …
LUKOIL Started Operational Drilling of Wells at Chumpasskoye Field in Yugra
LUKOIL-Western Siberia LLC (a 100% subsidiary of PJSC LUKOIL) has started operational drilling of wells at the Chumpasskoye field in the Khanty-Mansiysk Autonomous Okrug-Yugra. In the next three years, it is planned to equip three shrub sites. Half of the project well stock accounts for horizontal wells with multistage hydraulic …
LUKOIL Supplies 10 Million Tonnes of Oil from Filanovsky Field to CPC System
LUKOIL has reached another milestone with ten million tonnes of oil supplied from its Vladimir Filanovsky field to the Caspian Pipeline Consortium (CPC) system. LUKOIL constructed a system of subsea and onshore pipelines to ship oil ashore. Before oil enters the CPC system and goes on for export, it is delivered …
LUKOIL Begins Drilling New Production Wells at West Qurna-2
LUKOIL commenced drilling of new production wells at West Qurna-2 field as part of the second development phase. The company has so far concluded contracts to drill 57 production wells, including 54 wells at Mishrif formation and 3 wells at Yamama formation. The drilling campaign will ramp up production at …
LUKOIL Announces IFRS Financial Results for the Third Quarter and Nine Months of 2018
PJSC LUKOIL today released its condensed interim consolidated financial statements as of and for the three and nine months ended 30 September 2018, prepared in accordance with International Financial Reporting Standards (IFRS). Financial highlights 3Q 2018 2Q 2018 9М 2018 9М 2017 (RUB bln) 2,305.9 2,056.1 Sales 5,992.7 4,274.3 321.8 295.2 EBITDA 836.5 …
LUKOIL Drilled the Second Well in the Eastern Part of the Yury Korchagin Field
PJSC LUKOIL completed the construction of the second production well from the wellhead platform at the Yury Korchagin field in the Caspian Sea. The single-bore well with horizontal completion was drilled from a jack-up rig. The measured depth of the well is 3,736 meters. The well’s initial flow rate is …
LUKOIL and Eni Signed Agreement on Projects in Mexico
JSC “LUKOIL” and Eni signed Farm-Out Agreement on Blocks 10, 12 and 14 in the Mexico’s shallow waters. The Agreement enables to expand LUKOIL’s exploration portfolio in the region, diversify risks and build up exploration competencies. According to the Agreement, LUKOIL assigns 40% in Block 12 to Eni, retains the …
LUKOIL and Uzbekneftegaz Sign Memorandum of Understanding
President of LUKOIL Vagit Alekperov and Acting Chairman of the Board of Uzbekneftegaz Bahrom Ashrafhanov signed a memorandum of understanding, in Tashkent, Uzbekistan, today. The signing ceremony was part of the Russo-Uzbek negotiations, with Russian Federation President Vladimir Putin and the Republic of Uzbekistan President Shavkat Mirziyoyev taking part. According …
LUKOIL: Starts Rakushechnoye Facility Construction
As part of his working visit to Astrakhan, President of LUKOIL Vagit Alekperov, jointly with Head of the Astrakhan Region Sergey Morozov, took part in the official groundbreaking ceremony to mark the start of construction of infrastructure facilities of Rakushechnoye field. This is the Company’s third large project in the Caspian Sea …