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 …
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 …