Lukoil Announces Consolidated IFRS Results for the First Quarter of 2017
PJSC LUKOIL today released its condensed interim consolidated financial statements for the three months ended 31 March 2017 prepared in accordance with International Financial Reporting Standards (IFRS). Financial Highlights 1Q 2017 4Q 2016 1Q 2016 (RUB bln) Sales 1,431.6 1,400.9 1,177.7 EBITDA 207.6 183.3 192.0 EBITDA excluding …
Halliburton Commences Drilling Program for LUKOIL at Vostochno-Taimyrsky
Halliburton Company announced today that it launched drilling operations in the Zhuravlinaya area of the Vostochno-Taimyrsky license block for LUKOIL in early April. The project involves Halliburton constructing a 5,500 meter exploration well in addition to delivering an integrated service package which includes directional drilling, drill bits, drilling fluids, well …
LUKOIL Engineering: New Approaches for the 3D Modelling of the Varandey Field
The Varandey Field is an oil field located in the Nenets Autonomous District in the Arkhangelsk Region. This oil field belongs to Timan-Pechora Basin. The first well in the Varandey Field was drilled in 1974 and commercial oil production in this area started in 1985. At that time the first …
Lukoil: 2016 IFRS Results
PJSC LUKOIL today released its audited consolidated financial statements for the full year of 2016 prepared in accordance with the International Financial Reporting Standards (IFRS). Financial Highlights Q4 2016 Q3 2016 FY 2016 FY 2015 (RUB bln) 1,400.9 1,309.5 Sales 5,227.0 5,749.1 183.3 165.9 EBITDA 730.7 816.7 177.6 160.4 …
Lukoil: Pyakyakhinskoye Gas Production Exceeds 400m Cubic Metres
The accumulated production of natural gas at Pyakyakhinskoye oil and gas condensate field has exceeded 400 million cubic meters since the start of gas production in January 2017. The total accumulated oil and gas condensate production exceeded 600,000 tons from the launch of commercial production on this field in October …
Lukoil: Three Hundred Thousand Tones Have Been Produced at the Pyakyakhinskoye Field
LUKOIL has produced 300 thousand tons of oil on the Gydan Peninsula in the Yamal-Nenets Autonomous District since commercial oil production commenced at the Pyakyakhinskoye oil and gas condensate field in October 2016. Average daily flow rate of 76 oil wells of the total 111 wells, drilled at the field …
RDCR – Announces the Advisory Board
The RDCR is pleased to announce the following advisory board for the 2017 RDCR, Drilling and Completions Roundtable. The advisory board will lend their support and technical expertise to guide and direct the direction of the sessions and discussions. We are very grateful to have their input into the event. …
LUKoil: Completes Third Well on the Vladimir Filanovsky Field
LUKOIL has successfully completed drilling of the third well at offshore Vladimir Filanovsky field in the Caspian Sea. The horizontal section of the well is 1,217 meters long. The well flow is around 3,000 tons of crude oil per day. The field’s total oil production currently amounts to approximately 9,000 …
LUKOIL: Spuds First Development Well at the Vladimir Filanovsky Field
Today President of PJSC LUKOIL Vagit Alekperov and Governor of the Astrakhan Region Alexander Zhilkin visited Vladimir Filanovsky field in the Caspian Sea where development drilling has just begun. The well is being drilled from an ice-resistant fixed platform (LSP-1). First commercial production at the field is scheduled for the …
Gazprom and LUKOIL Continuing Strategic Co-operation
A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Vagit Alekperov, President of LUKOIL, took place at the Company’s headquarters today. The parties noted the strategic nature of the companies’ cooperation. The topics covered at the meeting included the implementation of the long-term contract for purchasing …