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 …
Rostelecom on the Basis of Former Subsidiary of LUKOIL Will Create a Center for Digitalization of the Oil Industry
The oil company announced the transition to the services of professionals on the basis of outsourcing. Rostelecom bought out a 49.9% stake in telecommunications LLC Inform from LUKOIL and thus received a consolidated 100% stake. This will ensure the completion of the formation of an industry competence center and will …
Lukoil’s Hydrocarbon Production Grew by Seven Percent in 2022
Lukoil’s hydrocarbon production in 2022 increased by 7%, excluding the West Qurna 2 project, to 2.3 million barrels of oil equivalent per day, according to the company’s annual report. “At the end of 2022, the group’s hydrocarbon production amounted to 2.3 million barrels of oil equivalent per day, of which …
LUKOIL and Gazprom Discuss Cooperation Vectors
Management of PJSC LUKOIL and PJSC Gazprom held a business meeting today. The parties discussed main vectors of cooperation. Particular attention was paid to operations of Layavozhneftegaz LLC, the special purpose joint venture of the two companies. It had been created to implement the project of development of the Vaneyvisskoye …
KazMunayGas Started Drilling at the Zhenis Offshore Block in the Caspian
KazMunayGas has started drilling at the Zhenis offshore block in the Caspian. “We started drilling, drilling is going on, we started it at the end of last year,” Magzum Mirzagaliyev, head of KazMunayGas, told Interfax-Kazakhstan. According to him, drilling began at the time that was planned. Earlier it was reported …
LUKOIL Signed an Agreement on the Sale of the Isab Refinery in Italy
PJSC LUKOIL announces that LITASCO S.A., a 100% subsidiary of the LUKOIL Group, and G.O.I. ENERGY LIMITED (hereinafter – G.O.I. ENERGY) have reached an agreement to sell ISAB S.r.L. (hereinafter – ISAB) G.O.I. ENERGY. The deal is scheduled to be closed by the end of March 2023 after the fulfillment …