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 and KazMunayGaz have signed Heads of Agreement on the I-P-2 block located in the Kazakh Sector of the Caspian Sea, 130 kilometers from the port Aktau. From then on the parties will conclude a contract for hydrocarbon
exploration and production and create a joint venture for the project.
concludes an agreement with New Age M12 Holdings Limited to acquire a 25%
interest in the Marine XII license in the Republic of Congo. Eni
is the project’s operator. The project also involves the state
company Société Nationale des Pétroles du Congo.
President of LUKOIL and Minister of Oil of the Republic of Iraq discussed current projects of the Company and prospects for cooperation at St. Petersburg International Economic Forum.
commenced commercial operation of two wells at D41 offshore field in the Baltic
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.
and INPEX CORPORATION have successfully completed testing of the fifth well as
part of the appraisal phase at the Eridu field (Block 10) in the southern part
Drilling of new production wells has started at West Qurna-2 field as part of the second development phase. 54 wells at Mishrif formation and 3 wells at Yamama formation will ramp up production at the field in accordance with recent contacts.
The company completed
testing of the fourth well as part of Eridu field appraisal phase. The testing resulted in the commercial flow of dry crude oil
that proves the current geological model of Eridu field as effective.
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,