Lukoil Is Discussing New Projects In Egypt
Lukoil is interested in expanding its work in Egypt and is discussing new concession areas, the country’s Minister of Petroleum and Natural Resources Tarek El-Molla told reporters. “They are good partners and they want to increase business in Egypt, they are discussing new concession areas,” he said. The minister noted …
Lukoil Signed An Agreement To Develop An Additional Section Of The Field In Egypt
The Russian oil company Lukoil signed an agreement on the exploration, development and development of an additional section of the West Ash El Mallaha field during the EGYPES 2024 oil and gas exhibition in Cairo, the Russian trade mission in Egypt reported. The international oil and gas exhibition EGYPES 2024 …
Perenco Refused To Join The Project In Cameroon With The Participation Of Lukoil
Another shareholder of the project, the British Bowleven, began negotiations with the joint venture partners on an updated work plan for the field. The Anglo-French company Perenco refused to buy New Age’s share in the Etinde oil and gas project in Cameroon, in which the Russian Lukoil participates. This was …
LUKOIL Put Into Trial Operation The Yukkun-Yoganskoe Field in Yugra
LLC LUKOIL-Western Siberia (100% subsidiary of PJSC LUKOIL) has put into trial production the Yukkun-Yoganskoye field in the Khanty-Mansiysk Autonomous Okrug. The fishery is located on the territory of the Nizhnevartovsk region, 30 kilometers from the city of Pokachi. At the exploration stage, seismic exploration work was carried out in …
Unconventional Oil Has Been Switched to AIT From 2024
From January 1, 2024, production of viscous and extra-viscous oil in the Russian Federation will be transferred to the added income tax (AIT). The main producers of viscous oils and natural bitumen in Russia are LUKOIL, Tatneft and Rosneft (to a lesser extent). Interfax writes about this. Areas where at …
Production of Viscous and Super-Viscous Oil and a Number of Fields of Rosneft and Bashneft are Switching to AIT
From January 1, 2024, production of viscous and extra-viscous oil will be subject to added income taxation (AIT). That is, areas in which at least 70% of the oil produced per year has a viscosity from 200 to 10 thousand mPa*s, as well as from 10 thousand mPa*s and more …
LUKOIL Has Created the Largest-Scale Model of a Field in the Russian Federation
The digital twin of the Vatyeganskoye field in the Khanty-Mansi Autonomous Okrug covered the entire chain – from the reservoir to the central oil collection and treatment point. LUKOIL-Western Siberia has introduced an innovative model for managing hydrocarbon production based on integrated operations. The “smart field” project was implemented at …
Oilmen Introduced an Innovative Management Model at a “Smart” Field in Ugra
Thanks to digitalization, the enterprise has increased the efficiency of decisions made. At the Vatyegan group of fields in the Khanty-Mansi Autonomous Okrug, the LUKOIL-Western Siberia company introduced an innovative model for managing hydrocarbon production based on integrated operations. This became possible thanks to the implementation of the “Intellectual Field” …
The Largest Center for Studying Core and Formation Fluids Opened in Perm
Today in Perm the opening of the Core and Reservoir Fluids Research Center, built by the LUKOIL Company, took place. This is one of the priority projects in the region. The new Center, part of LLC LUKOIL-Engineering (a subsidiary of PJSC LUKOIL), will provide high-precision scientific research for the search, …
The Merger of LUKOIL-PERM and LUKOIL-KOMI Into a Single Organization Has Been Completed
The subsidiaries of the LUKOIL Group, LLC LUKOIL-PERM and LLC LUKOIL-Komi, completed their merger. The LUKOIL-PERM enterprise now holds licenses for geological study, exploration and production of hydrocarbons in the Perm Territory, the Udmurt Republic, the Republics of Bashkiria and Komi, as well as the Nenets Autonomous Okrug. Current recoverable …