Filanovsky and Pyakyakhinskoe fields reached planned capacity
In 2017, the active development of LUKOIL's leading projects, launched in autumn 2016, continued.
5 deep wells were drilled at the Vladimir Filanovsky field this year. The extraction approached the target level of 16 thousand tons per day, which is equivalent to 6 million tons per year.
Pyakyakhinskoe field in Yamal brought more than 1.5 million tons of oil and gas condensate and more than 3 billion cubic meters of gas last year. This was facilitated by the drilling of 49 wells.
The growth in production volumes is also ensured on other promising projects of the Company, in particular in Yaregsky in the Komi Republic.
The discovery of a large field at Block 10 in Iraq
As a result of tests at the Mishrif horizon, an inflow of sweet oil was obtained at the Eridu field.
LUKOIL received the right of geological exploration and subsequent development of the Block in May 2012. The project is being developed in a conjunction of LUKOIL (60%) and the Japanese company INPEX Corporation.
Since the project implementation began, the partners have successfully demined the territory and conducted 2,022 kilometers of 2D seismic acquisition. The field is located in the south of Iraq in the provinces of D-Car and Muthanna, 120 km west of the city of Basra, near the largest oil fields of Nasiriyah, Al-Garraf and West Qurnah.
LUKOIL launches new ECTO 100 gasoline
LUKOIL's refinery in Nizhny Novgorod commences commercial production of a unique ECTO 100 gasoline, April 1, 2017. The new product will replace ECTO Sport 98 in June of 2017, as soon as the company completes technical upgrade of its gas stations.
Unique gasoline appeared to be in demand among consumers - sales volumes significantly exceed the figures of the EСTO Sport 98 for the same period of 2016.
ECTO 100 has received a positive review of Intertek, an international Switzerland-based laboratory, which rated the product against its compliance with international standards as well as of SSC RF FSUE NAMI.
LUKOIL participated in the 16th session of the UN Permanent Forum on issues of the Rights of Indigenous Peoples held in New York
Invited to participate in the UN General Assembly to mark the 10th anniversary of the adoption of the United Nations Declaration on the Rights of Indigenous Peoples, the Company shared its experience in efficient and responsible interaction with the Russian High North peoples, and presented its corporate booklet titled “Preserving Traditions of the North”.
The Red Chum medical and social project was highly praised by Mariam Wallet Med Aboubakrine, Chairwoman of the UN Permanent Forum on Indigenous Issues. In her speech, she highlighted this LUKOIL’s initiative and proposed to implement it in other territories populated by the indigenous minorities that lack health care infrastructure.
To preserve cultural diversity and social stability, LUKOIL supports the traditional lifestyle of the High North peoples, communicates on a continuous basis with the chiefs of the traditional wildlife management areas and reindeer breeding farms, as well as the local authorities and public organizations.
The Company’s financial support made it possible to build residential housing, kindergartens, schools, hospitals, cultural and sports centers in the Khanty-Mansi, Yamalo-Nenets, Nenets Autonomous Districts and the Krasnoyarsk Territory, and to implement educational and health care projects.
LUKOIL launches main production facilities in Uzbekistan
LUKOIL has reached a progress milestone at its South-West Gissar project in Uzbekistan as it successfully launched the main production and process facilities there. The Gissar fields cluster reached planned production level of 14 million cubic meters a day, or 5 billion cubic meters per year.
LUKOIL entered the South-West Gissar project in 2008. In 2010 2D and 3D seismic survey was completed, revealing several promising structures. At the end of 2011, early gas was produced at the Dzharkuduk-Yangi Kyzylcha field; in 2012 the production volume reached the planned level. Since 2013 the stage of "full development" of the project has begun.
Early launch of the third stage of the Kandym gas processing complex was another significant event.
LUKOIL endorses the World Bank initiative on Zero Flaring of associated petroleum gas
LUKOIL was the first oil company in Russia to endorse, with the support of the European Bank for Reconstruction and Development, the “Zero Routine Flaring by 2030” initiative.
In his letter to the heads of the World Bank and of the European Bank for Reconstruction and Development, LUKOIL President Vagit Alekperov wrote that the company’s strategic objectives were clearly in line with the principles proclaimed in the initiative, while the commitments and targets therein had the company’s full support.