Conferences & Exhibitions

6th RDCR 2018 – Date, Venue & Sponsors Announced

TMG Worldwide are pleased to announce that the 6th RDCR will be returning to the Kempinski Baltschug Hotel for the 5th year running on the 12th April, 2018. Now in its 6th year, the RDCR 2018 will see an expanded format that includes not only the traditional focus areas of …

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Oil & Gas Operators

Gazprom and LUKOIL Discuss Cooperation Prospects

A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Vagit Alekperov, President of LUKOIL, took place in Moscow today. The parties discussed issues related to cooperation, including the prospects for further collaboration in the areas of gas supplies, transmission and processing. Source

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Oil & Gas Operators

LUKOIL: Approves 2018 Plan – Forecasting “Conservative $50 Barrel Price”

The Board of Directors at the today’s meeting approved the mid-term development plan (‘Key budget indicators of the LUKOIL Group for 2018-2020′). The plan is based on the conservative $50 per barrel oil price scenario. Sustainable hydrocarbon production growth is planned in the Upstream business segment along with the growth …

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ROGTEC Articles

LUKOIL: First Intelligent Multilateral TAML5 Wells on the V. Filanovsky Field

The first Intelligent multilateral TAML5 wells on the V. Filanovsky Field are a great example of how new technologies are helping to optimize CAPEX, and thanks to a higher productivity index, achieving higher production rates. Multilateral well geometry combined with an ability to monitor and control each leg separately helps …

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Oil & Gas Operators

LUKOIL Starts Drilling of the First Production Well at the Phase 2 of the Filanovsky Field

LUKOIL finished most of the construction works at Vladimir Filanovsky field’s Phase 2 development facilities and started drilling of the first production well. The drilling is planned to be completed in early 2018.  The Phase 2 facilities will allow to reach the stable designed production plateau of 6 million tons …

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Oil & Gas Operators

LUKOIL: Starts Phase 2 Production Well Drilling on the Vladimir Filanovsky Field

LUKOIL finished most of the construction works at Vladimir Filanovsky field’s Phase 2 development facilities and started drilling of the first production well. The drilling is planned to be completed in early 2018. The Phase 2 facilities will allow to reach the stable designed production plateau of 6million tonnes per …

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Oil & Gas Operators

LUKOIL Announces Consolidated IFRS Results for the Third Quarter and Nine Months of 2017

PJSC LUKOIL today released its condensed interim consolidated financial statements as of and for the three and nine months ended 30 September 2017 prepared in accordance with International Financial Reporting Standards (IFRS). Financial highlights 3Q​ 2017 2Q 2017  (bln RUB) 9M 2017 9M 2016 1,483.5 1,359.2 Sales 4,274.3 3,826.1 221.1 179.0 EBITDA 607.8 547.5 …

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Oil & Gas Operators

LUKOIL: 2017 H1 Results – Sales Up 10.9%

PJSC LUKOIL released its condensed interim consolidated financial statements as of and for the three and six months ended 30 June 2017 prepared in accordance with International Financial Reporting Standards (IFRS). Financial highlights 2Q 2017 1Q 2017  (bln RUB) 1H 2017 1H 2016 1,359.2 1,431.6   Sales 2,790.8 2,516.6 179.1 207.6   EBITDA 386.7 381.6 …

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Oil & Gas Operators

LUKOIL: Completes Fifth Vladimir Filanovsky Well and Commences New Injection Well

LUKOIL has completed the construction and commissioning of the fifth production well at Vladimir Filanovsky offshore field in the Caspian Sea and commenced the construction of the sixth well that is going to be used for water injection. The fifth well has a bilateral horizontal design. The horizontal length of …

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Oil & Gas Operators

Kazakh Tengiz Oilfield Suspends Operations After Toxic Substance Release

Kazakhstan’s energy ministry said on Tuesday that Tengizchevroil project has suspended operations at Tengiz oilfield after a toxic substance was released, while workers were evacuated. Chevron, ExxonMobil, Lukoil <LKOH.MM and KazMunayGas are partners in the venture, the Central Asian nation’s biggest oil producer. (Reporting by Alla Afanasyeva; writing by Vladimir …

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