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West Siberia

  • LUKOIL organized a trip to OOO "LUKOIL-West Siberia", Kogalym on 13-14 November 2003 as part of the Company's program of field trips for investors.
  • Representatives of major local and international investment companies took advantage of the opportunity to see this key LUKOIL production region. Companies represented on the trip included Deutsche Bank, AIG Private Bank, Norges Bank, Raiffeisenbank, Vostok Nafta, ROSNO Insurance Company, Renaissance Capital, Lipetzcombank, Rosgosstrakh and others.
  • The visitors were given a tour of Yuzhny-Yagunsk field production facilities, where they saw an oil treatment and pumping unit, and a unit for production of oil and gas. They were also shown facilities of LUKOIL EPU Service, which maintains electric submersible pumps, and were taken to see a core study center.
  • A presentation of LUKOIL activities in the region was given by Vladimir Nekrasov, the LUKOIL Vice-President and CEO of LUKOIL-West Siberia, and by Nikolai Inushin, the First Deputy CEO and Chief Engineer of Lukoil-West Siberia. Mr Nekrasov replied in detail to investor questions on the program for increasing efficiency and reducing costs. The Head of LUKOIL's Investor Relations Department, Gennady Krasovsky, offered a presentation of the outlook for future development of LUKOIL.

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