KazMunayGas and Lukoil Complete Registration of Sale of 50% Stake in Kalamkas-Khazar Operating
KMG reported full mutual understanding and the absence of any controversial issues in the negotiating positions of the parties Oil and gas company of Kazakhstan “KazMunayGas” (KMG) and “Lukoil” complete registration of the sale of 50% stake in Kalamkas-Khazar Operating in favor of the Russian company. This was reported in …
LUKOIL-Komi Will be Abolished After Joining LUKOIL-Perm
LUKOIL decided to reorganize 2 of its production subsidiaries by merging LUKOIL-Komi with LUKOIL-Perm. The corresponding decision was made on July 24, 2023, according to the Fedresurs portal. As the message notes: after completion of the reorganization in the form of a merger, LUKOIL-Perm will continue to operate, LUKOIL-Komi will …
Sierra Leone Welcomes Lukoil’s Participation in Field Development
Freetown would be happy about Lukoil’s participation in the development of oil fields in Sierra Leone, Mohamed Yongavo, the republic’s ambassador to Russia, told RIA Novosti. “You can’t do business in oil production, ignoring the existence of Lukoil or Rosneft. We would be happy to have Lukoil involved in oil …
LUKOIL Included in Top Sustainability Ratings
LUKOIL is in top 30 of the World Benchmarking Alliance’s Oil and Gas Benchmark – an international climate and energy benchmark that measures and ranks the efforts of the world’s 100 largest oil and gas companies, assessing their climate policies compliance with the Paris Agreement goals to limit the increase …
Geological Risk on the Shelf of Kazakhstan Has Materialized
LUKOIL and KazMunayGas did not find oil in the Zhenis area. KazMunayGas did not find any hydrocarbons while drilling an exploration well within the framework of the Zhenis project on the shelf of Kazakhstan. However, the results of the work helped to clarify information about the structure of the subsoil …
Young Specialists of RITEK Are Recognized as the Best in LUKOIL
The title of “Best Young Specialist of PJSC LUKOIL” following the results of a corporate competition was awarded to Ilya Kupaev, Leading Engineer of CITS, and Danila Agapov, operator of the control panel in oil and gas production, TsDNG SEVER. Both specialists work in the Samara division of RITEK (part …
Lukoil Increased Oil Production at West Qurna-2
Lukoil put into operation two well pads – No. 4 and No. 9 – at the West Qurna 2 field in Iraq, increased oil production to the target of 480,000 barrels per day, a subsidiary of the Lukoil Mid-East Limited group said. “In accordance with the service contract, the company …
Lukoil Named the Volume of Investments in Exploration and Production in 2022
Lukoil’s investments in exploration and production of hydrocarbons in 2022 amounted to more than 400 billion rubles, follows from the presentation of the company’s vice president Ilya Mandrik at the conference “Hard-to-recover reserves – the present and the future.” The materials report that the company invested more than 400 billion …
Which Russian Oil Companies Have the Most Increase in the Number of Idle Wells
The number of idle oil wells has increased in Russia. According to Bloomberg, their share rose to 18.1% in March from 15.6% in February, the largest since May 2022, when the Russian Federation carried out short-term production cuts amid the first waves of international energy sanctions. Bashneft and Slavneft announced …
LUKOIL Produced 9 Million Tons of Oil at the A. Usoltsev Field
Cumulative oil production of LLC LUKOIL-Western Siberia (100% subsidiary of PJSC LUKOIL) at the field im. A. Usoltseva in the Khanty-Mansiysk Autonomous Okrug exceeded 9 million tons. There are 44 well pads at the field. The operating fund consists of 864 wells, 29 of them have been drilled since the …