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.
At today's meeting of LUKOIL Board of Directors in Moscow, the members of the Board reviewed the Company's performance in the first half of 2021, budget execution and progress on investment program.
"LUKOIL" released its condensed interim consolidated financial
statements for the three and six month periods ended June 30, 2021 prepared in
accordance with International Financial Reporting Standards (IFRS).
LUKOIL is to acquire the 50% operator interest in the Area 4 project in
Mexico, consisted of two oil fields, Ichalkil and Pokoch, which are located in the Gulf of Mexico. The
construction of production facilities is currently being finalized, and
production of first oil is scheduled for the third quarter of 2021. The
partner in the Project is PetroBal.