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I. Graifer, Chairman of the Board of directors of LUKOILV. I. Graifer, Chairman of the Board of directors of LUKOILV. Alekperov, President of OAO LUKOIL V. Alekperov, President of OAO LUKOIL Oilmen of LUKOILOilmen of LUKOILProduction facilities of the Caspian Yuri Karchagin fieldProduction facilities of the Caspian Yuri Karchagin fieldOffshore platforme D6 in the Baltic Sea. Kratsovskoe fieldOffshore platforme D6 in the Baltic Sea. Kratsovskoe field Permnefteorgsintez Refinery Permnefteorgsintez RefineryVolgograd RefineryVolgograd Refinery Uhtaneftepererabotka Refinery Uhtaneftepererabotka Refinery Nijnegorodnefteorgsintez Refinery Nijnegorodnefteorgsintez RefineryMini refineries in KogalymMini refineries in KogalymPetrotel-LUKOIL (Romania)Petrotel-LUKOIL (Romania)LUKOIL Neftokhim Burgas (Bulgaria)LUKOIL Neftokhim Burgas (Bulgaria)Odessa Refinery (Ukraine)Odessa Refinery (Ukraine)Filling station commissioning in New-YorkFilling station commissioning in New-YorkChange of brand of a filling station in the USAChange of brand of a filling station in the USAIgor Sechin, Deputy Chairman of the RF Government, visits LUKOIL's fixed offshore ice-resistant platform in the Caspian Sea. December 16, 2009Igor Sechin, Deputy Chairman of the RF Government, visits LUKOIL's fixed offshore ice-resistant platform in the Caspian Sea. December 16, 2009LUKOIL’s arctic fleet welcomes ice-breaker “Varandey”, February 3, 2009LUKOIL’s arctic fleet welcomes ice-breaker “Varandey”, February 3, 2009Commissioning of the Yuzhno Khulchuyu Field. June 20, 2008Commissioning of the Yuzhno Khulchuyu Field. June 20, 2008The first large-tonnage oil shipment through the FOIROT (Varandey Oil Export Terminal). June 9, 2008The first large-tonnage oil shipment through the FOIROT (Varandey Oil Export Terminal). June 9, 2008Commissioning of KHAUZAK gas field in Uzbekistan. November 29, 2007Commissioning of KHAUZAK gas field in Uzbekistan. November 29, 2007Mounting of mooring cargo handling system on the FOIROT (Varandey Oil Export Terminal)Mounting of mooring cargo handling system on the FOIROT (Varandey Oil Export Terminal)Loading of FOIROT onto sea-going barges (Varandey Oil Export Terminal)Loading of FOIROT onto sea-going barges (Varandey Oil Export Terminal)Construction of Varandey TerminalConstruction of Varandey TerminalCommissioning of a catalytic reforming installation at the Volgograd RefineryCommissioning of a catalytic reforming installation at the Volgograd RefineryNakhodkinskoye gaz field commissioningNakhodkinskoye gaz field commissioningOil Spill Response Exercise in the Caspian SeaOil Spill Response Exercise in the Caspian SeaInternational training exercises at Varandey oil export terminalInternational training exercises at Varandey oil export terminalAnti-terrorism exercises at Vysotsk oil terminalAnti-terrorism exercises at Vysotsk oil terminalInternational anti-terrorism exercises at Volgograd RefineryInternational anti-terrorism exercises at Volgograd RefineryInternational exercise at RPK-Vysotsk LUKOIL-IIInternational exercise at RPK-Vysotsk LUKOIL-IIFire-prevention trainings in Kaliningrad RegionFire-prevention trainings in Kaliningrad RegionExercises “Kaliningrad 2004”Exercises “Kaliningrad 2004”Post cardsPost cardsSecuritiesSecuritiesPhotoPhotoShareholder Relations Policy of OAO LUKOILShareholder Relations Policy of OAO LUKOILAnnual General Shareholders MeetingAnnual General Shareholders MeetingPresentationsPresentationsInvestor Trips to Sites Investor Trips to Sites Financial CalendarFinancial CalendarFinancial and Operating InformationFinancial and Operating InformationLUKOIL Stock QuotesLUKOIL Stock QuotesShareholders EquityShareholders EquityAnalyst CoverageAnalyst CoverageFAQFAQUzbekistanUzbekistanPerm Perm Karachaganak Karachaganak West SiberiaWest SiberiaEgyptEgyptFinancial FundamentalsFinancial FundamentalsOperating HighlightsOperating HighlightsHistory of Share Capital History of Share Capital ShareholdersShareholdersCompany SecuritiesCompany SecuritiesOil and Gas ReservesOil and Gas ReservesExplorationExplorationOil ProductionOil ProductionGas Production Gas Production Oil RefiningOil RefiningOils and lubricantsOils and lubricantsGas Processing Gas Processing PetrochemicalsPetrochemicalsCrude Oil DeliveriesCrude Oil DeliveriesGas DeliveriesGas DeliveriesPetroleum Product MarketingPetroleum Product MarketingPersonnel Management PolicyPersonnel Management PolicySocial Code of OAO LUKOIL Social Code of OAO LUKOIL Sustainability ReportSustainability ReportCharity and Social ActivitiesCharity and Social ActivitiesSportsSportsCorporate retirement programCorporate retirement programCompany Policy Company Policy Caring for the Environment Caring for the Environment Åcological monitoringÅcological monitoringCertificationCertificationAssociated SitesAssociated SitesSubsidiaries' WebsitesSubsidiaries' Websites
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Oil Production

        Oil Production in depth:


LUKOIL Annual Report


LUKOIL Analyst Databook


LUKOIL Fact Book

Total crude oil production by LUKOIL Group in 2009 (including share of production by equity affiliates) was 97.615 million tonnes (1.972 million barrels per day). Average daily output was 2.7% higher than in 2008.


Growth of output was due mainly to operations at the Yuzhnaya Khylchuya field, which was commissioned in mid-2008 and also to international projects. Lower production at fields in Western Siberia had negative impact on the output trend and was due primarily to objective changes in the structure of recoverable reserves. The Company intends to reduce negative impact of these factors on production in Western Siberia by use of the latest enhanced recovery technologies. Meanwhile, LUKOIL has successfully addressed the problem of electricity supply shortages in Western Siberia. The Company is steadily building and commissioning its own power generating capacities at fields, and electricity supply shortages have now been almost completely overcome.


Russia


Oil production by LUKOIL in Russia during 2009 was 91.868 million tonnes, of which 91.560 million tonnes were produced by Group subsidiaries. Production in Russia rose by 2.1% compared with 2008.


Subsidiaries and equity affiliates of LUKOIL produced hydrocarbons at 348 fields in Russia in 2009. Production drilling was 2,385 thousand meters, which is 20% less than in 2008. The number of production wells at the end of 2009 was 28,240, of which 24,040 were actually in use. There were 854 new wells brought into operation in 2009.


International Projects


LUKOIL’s share of production in international projects was 5.747 million tonnes, which is 8.5% more than in 2008. The growth was mainly due to the Tengiz, KarakudukMunai and Karachaganak projects in Kazakhstan.

Production drilling in the Company’s international projects was 355,000 meters, which is 40% less than in 2008. The reduction is explained by lower levels of financing for drilling programs, but rates of progress were maintained in priority development projects (Karachaganak, Kumkol and Condor). The number of oil production wells was 1,522, of which 1,345 were actually in use. A total of 270 new production wells were commissioned as part of international projects, in which the Company is a participant. Average daily oil flow from these wells was 43.4 tonnes.
 

The West Qurna-2 Project in Iraq


In 2009 a Consortium of LUKOIL and the Norwegian company Statoil won a tendering competition for rights to develop the West Qurna-2 field. The field is one of the largest in the world, which are not currently being developed, and is located in the southern Iraq, 65 km north-west of the large port city of Basrah.


Recoverable reserves at the field are close to 13 billion barrels. The main productive horizons are Mishrif, Yamamah, Hasib, Maudud, and Zubair. More than 90% of reserves are concentrated in Mishrif and Yamamah reservoirs. The field was discovered in 1973. Geological exploration (2D seismic and drilling of exploration wells) was carried out by Soviet geologists and service organizations.

Project geographical position



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