Crude oil production by LUKOIL Group in 2012
(including share of production by equity affiliates) was 89.856 million tonnes
(1.813 million barrels per day). Average daily output fell by 1.5% in comparison
The main oil producing region for the Company is Western Siberia
where we produced 56.4% of our crude oil in 2012 (55.8% in 2011). Since the
second half of 2011, the Company managed to stabilize crude oil production in
the region that had been declining for several preceding
The continuing trend of increasing water cut at our Yuzhnoye
Khylchuyu oilfield was the main reason for the production decrease in
The structural decrease of our international production was a
result of sale of 1.5% (10.0% of our share) in Karachaganak Petroleum Operating
consortium (“KPO”), an upstream project in Kazakhstan, to a state-owned
KazMunayGaz in the end of the second quarter of 2012.
Oil production by LUKOIL in Russia during
2012 was 84.234 million tonnes, of which 83.848 million tonnes were produced by Group subsidiaries.
Subsidiaries and equity affiliates of LUKOIL produced
hydrocarbons at 369 fields in Russia in 2012. Production drilling in Russia increased to 3,391,000 meters. The Group owned 29,550 production wells at the end of 2012, of which
25,873 were actually in use.
LUKOIL’s share of production in international projects was 5.622
million tonnes, which is 5.5% less than in 2011.
Production drilling in the Company's international
projects increased by 9.3% compared to 2011, reaching 503 thousand meters. The number of oil production wells increased by
7.5% to 2,048 wells, of which 1,864 were in operation. A total
of 263 new production wells were commissioned as part of international projects, in which the Group was a participant.