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Oil Production

         Oil Field Development and Production in depth:


2011 Annual Report

Adobe PDF version (8.80 MB)

Crude oil production by LUKOIL Group in 2011 (including the share of production by equity affiliates) was 90,917 million tonnes (1,840 million barrels per day).


Lower oil output in 2011 reflects decline of production at fields in Western Siberia, where the Company produces 54% of its crude oil. The decline was due primarily to objective changes in the structure of recoverable reserves. However, improvement to systems for maintaining strata pressure, use of the latest enhanced recovery technologies and horizontal drilling enabled LUKOIL to stabilize output levels in Western Siberia from the middle of the year.


LUKOIL subsidiaries and equity affiliates produced hydrocarbons at 358 fields in Russia and at 34 fields in 4 foreign countries during 2011. Production of hydrocarbons was begun at three new fields in the Russian Federation and at one field in Uzbekistan. Production levels at 18 Group fields rose by more than 50,000 tonnes in comparison with 2010. The largest increases (more than 200,000 tonnes) were achieved at 4 fields, which together gave overall annual increment of oil output by 1 million tonnes. The Company had 30,840 oil production wells as of January 1, 2012, of which 26,970 were actually in use, and the number of injection wells was 10,960, of which 8,750 were under pressure.


The number of oil production wells was 1.6% higher in 2011 than in 2010, and the number of injection wells increased by 6.0%, raising the efficiency of production. The share of idle wells was almost unchanged from the end of 2010 at 12.5% of the total number. Average daily oil output at wells in projects with Group participation was 13.8 tonnes.


A program of industrial testing enabled a technology breakthrough in 2011, which raises the forecast for viable development of new reserves in 2012–2021 by 3.6 billion barrels of oil thanks to increase of oil recovery rates at fields in Russia.


LUKOIL made particularly rapid advances during 2011 in drilling of horizontal wells that uses multizonal hydrofracturing of strata. A total of 96 wells with multi-zonal hydrofracturing were brought into operation in 2011 and gave 637,000 tonnes of oil production. Average daily oil flow from the wells was 56.3 tonnes.


Russia


Oil production by LUKOIL in Russia during 2011 was 84.966 million tonnes, of which 84.609 million tonnes were produced by Group subsidiaries.


Subsidiaries and equity affiliates of LUKOIL produced hydrocarbons at 358 fields in Russia in 2011. Production drilling in Russia grew by 9.1% to 2,493,000 m. The Group owned 28,930 production wells at the end of 2011, of which 25,240 were actually in use.


International Projects


LUKOIL’s share of production in international projects was 5.951 million tonnes in 2011, which is 4.4% less than in 2010. The decrease was mainly due to the Kumkol and KarakudukMunai projects in Kazakhstan, South-West Gissar in Uzbekistan, Meleiha in Egypt and Shakh-Deniz in Azerbaijan.


Production drilling in the Company’s international projects increased by 3.0% in 2011 compared with 2010 to 459,800 meters. The number of oil production wells rose by 9.6% to 1,905, of which 1,728 were actually in use. A total of 267 new production wells were commissioned as part of international projects, in which the Company is a participant.


 

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