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 …
Russian Oil Production: October Hit 11.4 million barrels per day
Oil production in the Russian Federation in October reached 1.554 million tons per day, or 11.4 million barrels per day. This was reported in industry statistics. This is about 453 thousand barrels per day more than Russia’s obligations under the transaction to limit OPEC and non-OPEC countries. In addition, this …
LUKOIL Commissioned the Fifth Well at the Second Development Stage of the Vladimir Filanovsky Field in the Caspian Sea
LUKOIL commissioned the fifth well at the second development stage of the Vladimir Filanovsky field in the Caspian Sea. The length of the main wellbore of the new bilateral production well is 2,956 meters, while the lateral‘s is 1,735 meters. The well’s initial flow rate exceeded 3,300 tonnes of oil per …
LUKOIL: Expands Yarega Steam Generation EOR Plant
LUKOIL has commissioned a steam generation farm at Yarega field of highly viscous oil in the Republic of Komi. The facility is to build up production as part of Yarega area Phase 2 development. The farm, including five boilers with the total capacity of 125 metric tonnes of steam an …
LUKOIL Commissions New Well Pad at West Qurna-2 Field
PJSC “LUKOIL” commissioned a new well pad M11/1A at the West Qurna-2 oil field in Iraq. The production reached 4.7-4.8 kbpd from the first two wells of the new pad, which is fully in line with the preliminary forecasts. The wells are 2.7-2.9 thousand meters deep. By the end of …
LUKOIL Reports Preliminary Operating Data for the Second Quarter and First Half of 2018
In the first half of 2018 LUKOIL Group’s hydrocarbon production excluding West Qurna-2 project was 2,287 thousand boe per day, which is 3.2% higher year-on-year. The increase was driven by the development of gas projects. In the second quarter of 2018 production was 2,289 thousand boe per day and flat …