Lukoil Will Contribute € 6.2 Billion to Lukoil International to Finance Investments Abroad
The Board of Directors of “Lukoil” offers shareholders at an extraordinary meeting on December 4 to approve a deal to make a cash contribution to the charter capital of Lukoil International in the amount of € 6.2 billion, according to the company’s materials for the meeting. “The purpose of making …
Lukoil: Begins Wellhead Platform Substructure Installation on V. Filanovsky
LUKOIL completed transportation and started installation of the substructure for the wellhead platform (mini offshore ice-resistant fixed platform) at the Vladimir Filanovsky field in the Caspian Sea. The wellhead platform is designed to produce and gather crude oil, as well as to supply it to the central processing platform of …
LUKOIL Drilled the First Production Well in the Eastern Part of the Yury Korchagin Field
PJSC “LUKOIL” announces the completion of drilling of the first production well from the wellhead platform at the Yury Korchagin field in the Caspian Sea. The well was drilled within the second field development stage implemented to involve into production the Eastern part of the field. The single-bore well with horizontal completion was …
LUKOIL Takes FID on The Rakushechnoye Field
PJSC “LUKOIL” took the final investment decision on the Rakushechnoye field development project in the Caspian Sea. The field infrastructure under the taken decision includes a fixed offshore ice-resistant platform, a living quarters platform, a crossover bridge, as well as subsea interfield pipelines and cable lines for the connection with …
Russia’s LUKOIL Ready to Lift Output if OPEC and Allies Adjust Pact
Russia’s second-largest oil firm Lukoil is ready to increase its oil production by 23,000 barrels per day (bpd) in two to three months if OPEC and its allies agree to ease their output curbs, the company said. The Organization of the Petroleum Exporting Countries, Russia and other oil producers are …
LUKOIL Commissions Third Well at Filanovsky Field Second Stage
LUKOIL completed the construction and commissioned the third well at the second development stage of the Vladimir Filanovsky field in the Caspian Sea. This is a bilateral horizontal oil producing well. The length of the main wellbore is 3,795 meters while the lateral is 3,762 meters long. Well’s initial flow rate exceeded 3.2 thousand tonnes of …
LUKOIL: To Invest $270 mln on Exploration in the Zhenis Block
Russia’s second largest oil company Lukoil plans to invest $270 million in exploration at the Zhenis licence area in the Kazakh part of the Caspian Sea, Lukoil’s president Vagit Alekperov said in Astana on Tuesday. Lukoil and Kazakh state oil company KMG signed an agreement in principle on Tuesday for …
LUKOIL and KazMunayGas Conclude Agreement on Caspian Project
President of LUKOIL Vagit Alekperov and Chairman of the Management Board of the National Company KazMunayGas Sauat Mynbayev signed a Principles Agreement on Zhenis license area, in Astana today. According to the agreement, the parties will establish a consortium upon completion of relevant procedures, required for the agreement to enter …
Lukoil Puts Iran Plans on Hold Due to Threat of U.S. Sanctions
Lukoil, Russia’s second biggest oil producer, said on Tuesday it had decided not to go ahead with plans to develop projects in Iran at the moment due to the threat of U.S. sanctions, a company official said. The United States plans to impose new sanctions on Iran after pulling out …
LUKOIL Reports 1Q 2018 IFRS Results
PJSC “LUKOIL” today released its condensed interim consolidated financial statements for the three-month period ended 31 March 2018 prepared in accordance with International Financial Reporting Standards (IFRS). Financial Highlights 1Q 4Q 1Q 1Q 2018 2017 2018 2017 (RUB bln) 1,630.7 1,662.5 Sales 1,630.7 1,431.6 219.5 223.7 EBITDA 219.5 …