LUKOIL Published IFRS Consolidated Financial Statements for 1Q 2016
Today LUKOIL published IFRS consolidated financial statements for 1Q 2016. Revenue was RUB 1,178 bln, EBITDA was RUB 145 bln, Profit for the period was RUB 43 bln. Excluding FX effect, EBITDA and Profit for the period were RUB 191 bln and RUB 79 bln, respectively. Capital expenditures for 1Q …
Tengizchevroil: Looking For $37bn of Finance for Planed Tengiz Extension
Tengizchevroil, a Chevron-led joint venture and Kazakhstan’s No.1 oil producer, may take out loans and issue bonds to finance its $37 billion plan to expand production, an official at state oil firm KazMunayGaz said on Thursday. KazMunayGaz also holds a stake in Tengizchevroil. “There are different scenarios, but we think …
LUKOIL: Looks To Mexico and the Amatitlán Block
President of PJSC “LUKOIL” Vagit Alekperov held a meeting with President of Mexico Enrique Peña Nieto, the country’s minister of finance, minister of energy and the CEO of the state oil company PEMEX. The parties discussed the implementation of a joint project, the Amatitlán Block which LUKOIL entered on the …
LUKOIL: Installs Marine Risers at the Vlaidimir Filanovsky Field
LUKOIL commenced driving in of marine risers at Vladimir Filanovsky field in the Caspian Sea. This operation precedes drilling of development wells. Risers, required to reinforce wellheads, ensure circulation and environmental safety at drilling operations, are driven down in the sea bottom to a depth of 120 meters. Marine risers, …
LUKOIL: Produces the 500,000th Ton at the Imilor-Istochny License Area
PJSC “LUKOIL” has produced half a millionth ton at Imilor-Istochny License Area in Western Siberia – a major milestone, considered that only a year and a half passed since pilot production had commenced. LUKOIL is active with geological exploration and retests wells of state fund, slating commissioning of over 40 …
LUKOIL-Kaliningradmorneft: Awarded D29 and D41 Baltic Sea Blocks
In accordance with Directive of the Russian Federation Government OOO “LUKOIL-Kaliningradmorneft” (a 100% subsidiary of PJSC “LUKOIL”) was granted the right to use a subsoil block of federal significance which includes D29 and D41 oil fields located in the Baltic Sea for the purpose of hydrocarbon exploration and production. The …
LUKOIL West Siberia: Successfully Implements TTS Multi-Stage Fracturing Technology
PJSC LUKOIL has successfully introduced TTS multi-stage fracturing technology in horizontal wells. The technology was implemented at Western Siberia oil fields. TTS technology in multi-stage hydrofracturing (MSF) helps increasing the productivity of low permeability formations by creating an artificial reservoir. The application of this innovative approach has resulted in increased …
LUKOIL-Komi: Increases APG Usage With New Gas Compressor Station
OOO LUKOIL-Komi (a wholly-owned subsidiary of PJSC LUKOIL) commissioned a gas compressor station (GCS) at the Kharyaginskoye field of the Nenets Autonomous Okrug. The new GCS receives the associated petroleum gas (APG) from three major fields of the Timan-Pechora oil and gas province, namely, Kharyaginskoye, Yuzhno-Shapkinskoye and Inzyreyskoye fields. Due …
Lukoil: Talks Offshore Zero Discharge at Baltic Sea Day Event
Today in Saint Petersburg the LUKOIL delegation took part in the discussion on maritime planning within the 17th International Environmental Forum «Baltic Sea Day». Representatives of the State Duma of the Russian Federation, the Ministry of Economic Development of the Russian Federation, international organizations such as HELCOM and the World …
VOSTOK NAO: Starts Exploration Drilling at Yuzhno-Visovaya
Today VOSTOK NAO, a joint venture of LUKOIL (50%) and Bashneft (50%), has begun drilling exploration well No.1 on the Yuzhno-Visovaya prospect in Severo-Yareyyaginsky block located in the Nenets Autonomous District. The target depth of the well is 4,000 meters. A 3D seismic survey covering 103 km2 was acquired earlier …