Lukoil Builds A New Pipeline For Associated Petroleum Gas
LUKOIL has begun building a new pipeline to transport associated petroleum gas (APG) from the Kokuyskoye field to the LUKOIL-Permneftegazpererabotka gas processing plant. The pipeline is 105 kilometers long, and its capacity is one billion cubic meters per year. The pipeline commissioning is scheduled for August, 2014. The pipeline is …
Weatherford Successful Performed Microseismic Monitoring at Kogalymskoe Oilfield Owned by Lukoil-AIK
Weatherford implemented the first microseismic monitoring operation during a frac job at LUKOIL-AIK asset. It was performed while four-stage fracturing in a horizontal well at Kogalymskoe field. Microseismic control was carried out by Weatherford’s Wireline PL while intensification with array consisting of 8 digital three-component geophones installed in the deviated …
Alexey Miller and Vagit Alekperov Address Current and Further Cooperation
The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company’s Management Committee and Vagit Alekperov, President of LUKOIL. The parties discussed issues concerning the current and further cooperation. In particular, the meeting touched upon gas supplies from the LUKOIL fields in the Bolshekhetskaya Depression and the Northern Caspian Sea. The …
Lukoil Awarded Two Licenses in Norway Sector of Barents Sea
Based on the results of the 22nd licensing round conducted by the Norwegian Ministry of Oil and Energy, LUKOIL was awarded two licenses in the Norwegian sector of the Barents Sea. At block 719 (Fingerdjupet Region) LUKOIL holds a 30-percent interest, Britain’s Centrica (operator) – 50% and Norway’s North Energy – 20%. …
Lukoil Joins New Upstream Project at an Offshore Block in Cote D’Ivoire
Lukoil has acquired a 65% stake in the exploration, development and production project on block CI-504 offshore the Republic of Cote d’Ivoire in the Gulf of Guinea. The stake in the project was acquired from a private Nigerian company, Taleveras Energy, which will still retain 25% after this transaction. The …
Lukoil Announces the Completion of the Issuance of US$3 Billion of Eurobonds
LUKOIL announces the completion of the issuance of US$3.0 billion in Rule 144A/Regulation S notes. The offering consists of of 5-year US$1.5 billion of 3.416% notes and 10-year US$1.5 billion of 4.563% notes. The notes have been issued by LUKOIL International Finance B.V. and guaranteed by OAO LUKOIL. OAO LUKOIL intends to …
Board of Directors of Lukoil Approves it’s Agenda for Annual General Shareholders Meeting
A traveling meeting of the OAO LUKOIL Board of Directors was held in Priolo (Sicily) today to make decisions regarding the 2013 Annual General Shareholders Meeting. Among other things, the Board of Directors resolved to hold this meeting on June 27, 2013, at 11.00 am at 11 Sretensky Boulevard, Moscow, OAO LUKOIL, Vega Building, conference hall. The record …
EDC Announces New LUKOIL Framework Agreement
Eurasia Drilling Company Limited announced today that it has signed a new long-term framework agreement for onshore drilling and completion operations with OAO LUKOIL. The new framework agreement, which concludes on December 31, 2015, defines pricing methodology and minimum work volumes (metres drilled) for exploration and production drilling in Russia. …
Eurasia Drilling Signs new LukOil Contract with Net Income Up 35%
Russia’s top oilfield services company Eurasia Drilling (EDC) said on Tuesday its 2012 net income jumped 35 percent, year-on-year, to $382 million on strong demand from oil firms fighting output declines at depleted fields. * Net income rises 35 pct to $382 mln in 2012 * EBITDA up 31 percent …
Hess Confirms Sale of Samara-Nafta to LukOil
Hess Corporation announced today it has entered into an agreement with OAO LUKOIL to sell 100 percent of its Russian subsidiary Samara-Nafta for a total consideration of $2.05 billion. Based on its 90 percent interest in Samara-Nafta, total after tax proceeds to Hess are expected to amount to approximately $1.8 …