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 …
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 …
LUKOIL Produces 30 Billion Cubic Meters of Natural Gas in Uzbekistan
LUKOIL has cumulatively produced 30 billion cubic meters (bcm) of natural gas at its projects in Uzbekistan. Most of this (about 85%) comes from the Khauzak-Shady field in the Bukhara Province. Commercial gas production at the Khauzak-Shady field started in November 2007. In 2011, the West Shady site was put …
LUKOIL Develops Co-Operation With Ford Sollers
OOO LLK-International (a fully owned subsidiary of PSJC LUKOIL) and Ford Sollers Joint Venture have signed an agreement providing for the supply of LUKOIL GENESIS oils for the first fill of Ford engines to be manufactured this year at the new Ford Sollers Plant in Elabuga. The oils have been …
LukOIL: 1H Board Review
The PJSC LUKOIL Board of Directors has reviewed the preliminary results for the first half of 2015 and progress in the realization of budget and investment programs for 2015, in Moscow today. As a result of geological exploration carried out by the company within the reporting period, the hydrocarbon recoverable …
LukOIL: 1h Results – Production Up 4.8%, EBITDA Down 32.4%
LUKOIL has published consolidated US GAAP financial statements for the first half of 2015. In the first half of 2015, daily hydrocarbon production by the Group was 2,373 thousand boe per day (+4.8% y-o-y). Crude oil and natural gas liquids produced by the Group were 2,044 thousand barrels per day …