Two Billion Tonnes of Oil Produced at Lukoil’s Fields in West Siberia
LUKOIL produced today the 2-billionth tonne of oil since the beginning of commercial development of West Siberian fields. This milestone event took place on the cusp of the Company’s 30th anniversary. The first billionth tonne of oil was produced in the region in 1999. Nowadays, LUKOIL operates at 120 licence …
LUKOIL West Siberia: Successfully Implements TTS Multi-Stage Fracturing Technology
PJSC LUKOIL has successfully introduced TTS multi-stage fracturing technology in horizontal wells. The technology was implemented at Western Siberia oil fields. TTS technology in multi-stage hydrofracturing (MSF) helps increasing the productivity of low permeability formations by creating an artificial reservoir. The application of this innovative approach has resulted in increased …
LUKoil Starts Production Drilling At The Imilorsko-Istochniy License Area Ahead Of Schedule
Vagit Alekperov, OAO LUKOIL President, participated in the ceremony dedicated to the start of production drilling at the Imilorsko-Istochniy license area today. The prompt launch puts the Company considerably ahead of schedule in the implementation of the Early Oil project at the Imilorsko-Istochniy license area.The original plan was to start …