LUKOIL group proved hydrocarbon reserves by SEC standarts total 17,3 billion barrels of oil equivalent
OAO LUKOIL finished an evaluation and independent audit of its oil and gas reserves as they stand on December 31, 2011. 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 …
The Board of Directors of OAO LUKOIL approved lists of candidates for election of the Board of Directors and the Audit Commission at the 2012 Annual General Shareholders Meeting.
The list of candidates is based on the nominees put forward by shareholders who own at least two percent of the voting shares. The following candidates were nominated to the Board of Directors: 1. Vagit Yu. Alekperov, President of OAO LUKOIL; 2. Igor V. Belikov, Director of the Russian Institute …
Lukoil Approves 48bn USD of Investment over the next 3 years and 14bn in 2012
The OAO LUKOIL Board of Directors held a meeting in Moscow today to approve the LUKOIL Group Strategic Development Program for 2012-2021. According to the Program, the key objective of the Company for the period is to reach the dynamics of sustainable production growth. The average annual growth rate of …
New technologies at Lukoil: The “Geyser” Hydraulic Rod Pump
Lukoil-Perm recently completed field testing, and put into action, the “Geyser” hydraulic rod well pump. The hydraulic drive consists of two basic parts: the frame with hydraulic power cylinder, which is installed directly at the wellhead, and the pumping station, which is mounted next to the well in a control …
Nalco and LUKOIL Form Energy Chemicals Joint Venture to Serve Western Siberia
Nalco announced today its Russian subsidiary has formed a joint venture with a subsidiary of Russia’s largest oil company, OAO LUKOIL, to provide energy chemicals and services in western Siberia. The joint venture, OOO Kogalym Chemicals Plant, will be based in Kogalym (West Siberia, Russia) and will provide LUKOIL production …
Lukoil and Rosneft Sign a Deal on Long-term Cooperation
President of Rosneft Eduard Khudaynatov and Head of Lukoil Vagit Alekperov signed an agreement on long-term cooperation between their companies. Deputy Prime Minister Igor Sechin was present during the signing ceremony. Capitalizing on the successfully developing cooperation between the two companies and striving for improved profitability of existing projects, Rosneft …
LUKOIL DAILY HYDROCARBON PRODUCTION INCREASED BY 1.6% IN NINE MONTHS OF 2010
LUKOIL Group total hydrocarbon production available for sale reached 2,249 th. boe per day in nine months of 2010, which is a 1.6% increase y-o-y. Crude oil production by LUKOIL Group in nine months of 2010 totalled 72.27 mln tons. Natural and petroleum gas output of LUKOIL Group available for …
LUKOIL ANNOUNCES THE COMPLETION OF THE ISSUANCE OF US$1.0 BILLION IN EUROBONDS
OAO LUKOIL announced the completion of the issuance of an aggregate principal amount of US$1.0 billion of a dual-tranche Rule 144A / Regulation S offering of 6.125% notes due 2020. The notes were issued in two tranches at the same time and form part of the same series. $800 million …
LUKOIL IMPROVES ITS RANK IN PLATTS 2010 ‘TOP 250 ENERGY COMPANIES’ LIST
09.11.2010 LUKOIL IMPROVES ITS RANK IN PLATTS 2010 ‘TOP 250 ENERGY COMPANIES’ LIST LUKOIL ranked 5th among European, Middle East and African companies and 10th among global companies in the American energy agency Platts 2010 ‘Top 250 Energy Companies’ List. All companies were ranked by four main criteria, including asset …
PRESIDENT OF LUKOIL AWARDED ORDER ‘FOR SERVICES TO RUSSIA’
Dmitry Medvedev, President of the Russian Federation, bestowed the order ‘For Services to Russia’ (third grade) on Vagit Alekperov, President of OAO LUKOIL, in the Kremlin today. The awarding decree says, in particular, that the order has been conferred on the company’s senior executive for his great contribution to the …