Lukoil

Alexander Kalugin, Geology and Drilling Department, LUKOIL-AIK                                                                          Iskander Kazbulatov, Wireline Engineer, Weatherford                                          Anna Rubtsova, Borehole Seismic Geophysicist, Weatherford Microseismic monitoring is one of the most efficient methods for hydraulic fracturing mapping. Its principle is based on monitoring micro-earthquakes in the strike-slip fault zones at the fracture propagation direction, or …

LUKOIL has concluded the bidding process to select the contractor to construct onshore facilities for the intake, storage, metering and further transportation of commercial oil from the Northern Caspian fields developed by the company. The designed capacity of the facilities will be up to 8 million tons per year. ZAO …

Lukoil has published consolidated US GAAP financial statements for the second quarter of 2013. In the second quarter of 2013 the Company’s net income of $2,104 million increased 107% compared to the second quarter of 2012. EBITDA was $4,359 million, which is a 26% y-o-y increase. Sales revenue reached $35,053 million, …

Eurasia Drilling Company Limited, the leading onshore and offshore drilling service provider in the CIS, today released its Interim Consolidated Financial Results, prepared in accordance with US GAAP, for the six month period ended June 30, 2013. The reviewed 2013 Interim Consolidated Financial Statements for the six months ended June …

Bashneft-Polus, a joint venture of OAO LUKOIL and OAO ANK Bashneft, began oil production as part of the development of R.Trebs and A.Titov fields in Nenets Autonomous District. Test production is underway and is expected to reach about 300,000 tons of oil by the end of 2013. “The Trebs and …

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 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 …

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 …

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 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 …