Lukoil

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 …

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 …

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 …

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 …

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 …

​​​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 4​Q 2016 1Q 2016​​ (RUB bln) Sales 1,431.6 1,40​0.9 1,1​77.7 EBITDA 207.6 183.3 192.0        EBITDA excluding …

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 …

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 …

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 …

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 …