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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 commissioningInternational 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 MarketingProduct Deliveries and TransportationProduct Deliveries and TransportationPersonnel 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


LUKOIL Group Oil Production by Regions, million tonnes

2005

2006

2007

2008

Total

90.158

95.235

96.645

95.240

Russia

86.277

89.561

91.100

89.945

Western Siberia

58.469

59.764

59.917

56.187

Urals

10.307

10.923

11.257

11.625

Volga

3.210

3.214

3.240

3.263

Timan-Pechora

12.476

13.601

14.576

16.685

Other

1.815

2.059

2.110

2.185

International

3.881

5.674

5.545

5.295


Total crude oil production by LUKOIL Group in 2008 (including share of production by equity affiliates) was 95.240 million tonnes (1.921 million barrels per day), which is 1.5% less than in 2007.

The Company continued work to improve field development efficiency and reduce development costs through implementation of its Complex program for optimization of development and oil production in 2006–2008. LUKOIL production companies implemented a range of measures to achieve crude oil production targets for 2008 as part of the Program, increasing well productivity and oil recovery rates. Development costs during the year were $7.288 billion.

Russia

Crude oil production by LUKOIL Group in Russia in 2008 was 89.945 million tonnes, of which 89.646 million tones were produced by subsidiaries. Russian production was down by 1.3% compared with 2007.

Subsidiaries and equity affiliates of LUKOIL produced hydrocarbons at 343 fields in Russia during 2008. Production drilling was 2.981 million meters, which is 12.9% more than in 2007. The number of production wells at the end of 2008 was 28,100, of which 23,960 were actually in use. A total of 1,183 new wells were commissioned during 2008.

International Projects

LUKOIL’s share of production in international projects was 5.295 million tonnes, which is 4.5% less than in 2007. The reduction in production volumes was due mainly to sale in 2007 of a 50% stake in Caspian Investments Resources Ltd. However, there was the most significant production growth at the Tengiz project in Kazakhstan and the Shakh Deniz project in Azerbaijan, as well as at projects in Uzbekistan.

Production drilling in the Company’s international projects was 591,000 meters, which is 81% more than in 2007. Such high growth of production drilling is explained by rapid field development as part of projects involving Caspian Investments Resources Ltd., as well as Kumkol and Meleiha. The number of oil production wells was 1,320, of which 1,148 were actually in use. A total of 327 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 72.2 tonnes.

The greatest crude production growth was from the Tengiz project in Kazakhstan . Crude production from the project (Company share) grew by 24% to 466,000 tonnes. Significant growth in production was due to capacity expansion: the number of production wells was increased from 74 to 95 in the course of the year.

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