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Press Release

LUKOIL TOTAL HYDROCARBON PRODUCTION INCREASED BY 1.8% IN THE FIRST HALF OF 2010

LUKOIL Group total hydrocarbon production available for sale reached 2,261 th. boe per day in the first half of 2010, which is a 1.8% increase y-o-y.

Crude oil production by LUKOIL Group in the first half of 2010 totalled 48.14 mln tons. Natural and petroleum gas output of LUKOIL Group available for sale was 9.24 bcm (grew by 25.6% y-o-y): output as part of international projects totalled 2.48 bcm, output in Russia was 6.76 bcm.

Throughputs at the Company’s refineries (including its share in throughput at ISAB and TRN refining complexes) increased by 8.2% y-o-y in the first half of 2010 and reached 32.41 mln tons. Throughputs at the Company’s refineries in Russia increased by 1.5% y-o-y, throughputs at the Company’s international refineries grew by 26.1% y-o-y

Hydrocarbon production available for sale, th. boe per day
1H 20101H 2009Change
Hydrocarbon production, th. boe per day2,2612,220  +1.8%
 Crude oil output, th. bpd*1,9611,981-1.0%
Natural and petroleum gas output available for sale, th. boe per day**300239+25.6%
Crude oil output, th. tons
1H 20101H 2009Change
LUKOIL Group output:48,1448,633-1.0%
Including
Subsidiary companies46,61347,408-1.7%
Share in affiliated companies1,5271,225+24.7%
 Russia:45,02845,784-1.7%
Including
Subsidiary companies44,86445,634-1.7%
Share in affiliated companies164150+9.3%
 International projects:3,1122,849+9.2%
Including
Subsidiary companies17491774-1.4%
Share in affiliated companies13631 075+26.8%
LUKOIL Group output,1,9611,981-1.0%
th. bpd*
     *   Conversion ratio from tons to barrels characterizes the density of oil from each of LUKOIL oilfields.
   **   Conversion ratio from cubic meters to barrels of oil equivalents is 1,000 cubic meters = 5.885 boe.

Gas output available for sale, mcm
1H 20101H 2009Change
  LUKOIL Group output:9,2427,356+25.6%
Including
Subsidiary companies8,9287,207+23.9%
Share in affiliated companies314149+110.4%
 Russia:6,7645,010+35.0%
Including
Subsidiary companies6,7474,995+35.1%
Share in affiliated companies1715+11.3%
 International projects:2,4782,346+5.6%
Including
Subsidiary companies2,1812,212-1.4%
Share in affiliated companies297134+121.6%
LUKOIL Group output,300239+25.5%
th. boe per day*
*   Conversion ratio from cubic meters to barrels of oil equivalents is 1,000 cubic meters = 5.885 boe.
Refinery throughputs, th. tons
1H 20101H 2009Change
 Owned refineries**32,41329,969+8.2%
   Russia22,18621,856+1.5%
   International10,2278,113+26.1%
 Third-party refineries42,233-99.8%
** Including mini-refineries and the Company’s share in ISAB and TRN refining complexes.

The information is based on preliminary operating data, which may be adjusted and corrected during preparation of LUKOIL financial accounts for the first half of 2010. So the figures in this press-release may differ from operating statistics, which will be published together with the financial accounts.

  • Press release in PDF

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