Lukoil: Development Drilling at Vostochno-Lambeyshorskoye Increases Recoverable Reserves by 6 Fold
PJSC LUKOIL has increased recoverable reserves of the Vostochno-Lambeyshorskoye field in the Republic of Komi by more than 6 times to 42.218 million tons. The field was discovered at the end of 2011 and back then its initial recoverable reserves (C1+C2) were estimated at 6.948 million tons of oil. Seven …
Lukoil: Begins Exploration Activities at Vostochno-Taimyrsky Ahead of Time
PJSC LUKOIL has begun the first stage of exploration activities at the Vostochno-Taimyrsky license block in the Krasnoyarsk region ahead of time. This stage of exploration includes 2D seismic acquisition of 2,421 line kilometers and drilling of an exploration well. Seismic equipment and crews are being mobilized to the site. …
RDCR 2016: Initial Speaker Line Up
The RDCR is pleased to announce the following speakers and companies for the 4th RDCR. www.rdcr.net Rob Tinkhof – Well Engineering Manager, Salym Petroleum Development B.V Vladislav Maratovich Tenishev – Senior Manager, Komi Pilot Projects, Lukoil Julian Bamgbose – Well Services Front End Design & Planning, Salym Petroleum Development B.V …
OOO LUKOIL-Kaliningradmorneft: Awarded D33 Block in the Baltic Sea
In accordance with Directive of the Russian Federation Government No. 246-r. of 18 February 2016, OOO LUKOIL-Kaliningradmorneft (a wholly-owned subsidiary of PJSC LUKOIL) was granted the right to use a subsoil block of federal significance which includes the D33 oil field in the Baltic Sea for the purpose of hydrocarbon …
LUKOIL: Brings on Stream Associated Petroleum Gas Process Unit in Bedennovsk
Today, Deputy Prime Minister of the Russian Federation Arkady Dvorkovich, President of PJSC LUKOIL Vagit Alekperov and Stavropol Region Governor Vladimir Vladimirov took part in the official startup of the first phase of the gas processing unit at the Stavrolen plant in Budennovsk. This project will make it possible for …
Lukoil: Proven Reserves Affected By Lower Oil Price
PJSC LUKOIL finished an evaluation and independent audit of its oil and gas reserves as of December 31, 2015. The evaluation was performed in accordance with the US Securities and Exchange Commission (SEC) standards until the economic limit of commercial production is reached. The audit results by Miller and Lents, …
Lukoil to Present at RDCR 2016
The organizers are pleased to announce that Lukoil will be a making two presentations at the upcoming 4th RDCR, taking place at the Kempinski Baltschug Hotel in Moscow on the 13th April. Drilling experts from Lukoil will be presenting in both technology halls – looking at their ERD wells for …
LUKOIL: Summarizes 2015 Achievements and 2016 Targets
The LUKOIL Board of Directors held a meeting in Moscow today to summarize the Company’s preliminary performance results in 2015 and set priorities for 2016 and the near-term outlook. The 2015 hydrocarbon production growth was attained through the implementation of large-scale projects in the Northern Caspian Sea, West Siberia, the …
LUKOIL: Medium Term Plans – Rakushechnoye, Kuvykin and Filanovsky Fields are Key Priorities
The Board of Directors of PJSC LUKOIL held a meeting in Moscow today to approve the LUKOIL Group’s key performance indicators for 2016–2018. Further Company development aligned with the basic corporate planning principles were named the key objective of the medium-term plan. The meeting participants reviewed the diverse implementation aspects …
LUKOIL’s Associated Petroleum Gas Starts Flowing to Gazprom’s Sosnogorsk GPP
Associated petroleum gas produced from the northern group of fields owned by LUKOIL-Komi started flowing to the Gazprom-owned Sosnogorsk gas processing plant (GPP). APG supplies will enable the loading of available capacities of the Sosnogorsk GPP and will make it possible to utilize efficiently the growing APG production from the …