LUKOIL is one of the largest oil & gas vertical integrated companies in the world accounting for over 2% of crude production and circa 1% of proved hydrocarbon reserves globally.
LUKOIL, the Ministry of Energy of the Republic of Kazakhstan and JSC NC KazMunayGas have concluded a contract for the exploration and development of hydrocarbons on the Zhenis block in the Kazakh Sector of the Caspian Sea.
The Board of Directors of PJSC "LUKOIL" today approved amendment to the Regulations on the Dividend Policy of PJSC "LUKOIL" (hereinafter the Regulations). The amendment allows to account for the share buyback factor when determining the dividends amount.
LUKOIL today released its audited consolidated financial statements for 2018
prepared in accordance with the International Financial Reporting Standards.
LUKOIL (hereinafter the Company) announces the results of the reserves assessment and independent audit as of December 31, 2018.
2018 LUKOIL Group's average hydrocarbon production excluding West Qurna-2
project was 2,319 thousand boe per day, which is 3.8% higher year-on-year. In
the fourth quarter of 2018 production increased by 1.9% quarter-on-quarter and
averaged 2,371 thousand boe per day.
The LUKOIL Board of Directors held a meeting in Moscow today to summarize the Company's preliminary 2018 results and set priorities for 2019. It was emphasized at the meeting that the Company successfully accomplished the first year's interim goals within the ten-year strategy and achieved significant progress in delivering key projects and strategic initiatives.
cumulative production of oil in the Russian part of the Caspian Sea has exceeded
20 million tonnes.
President of LUKOIL Vagit Alekperov and Chairman of
the Management Committee of Gazprom Alexey Miller discussed bilateral
cooperation at a meeting. For instance, the parties touched upon the development
of Vaneyvisskoye and Layavozhskoye fields in the Nenets Autonomous District,
President of PJSC LUKOIL Vagit Alekperov and Chairman of the Management Board of JSC NC KazMunayGas Alik Aidarbayev signed agreements on joint cooperation and financing of the Zhenis project in the Kazakhstan's sector of the Caspian Sea.