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31.10.2006 Preliminary operating data

31.10.2006 
Preliminary operating data  

LUKOIL HYDROCARBON PRODUCTION AVAILABLE FOR SALE INCREASES BY 13.1% y-o-y

LUKOIL Group (subsidiary companies and LUKOIL’s share in output by affiliated companies) total hydrocarbon production available for sale reached 2.14 mln boe per day in nine months of 2006, up 13.1% y-o-y.

Crude oil output of LUKOIL Group totaled 1.92 mln bpd* (up 6.6% y-o-y) or 71.134 mln tons. LUKOIL subsidiary companies produced 68.391 mln tons of crude, up 6.9% y-o-y. Oil production from international projects increased by 54.5% y-o-y as Nelson Resources Limited was acquired at the end of 2005.

Average flow rate per oil well reached 11.21 tons per day, up 1.5% y-o-y.

Natural and associated gas output of LUKOIL Group available for sale was 9.98 bcm, which is 2.5 times more than in nine months of 2005. Natural gas output available for sale was 7.23 bcm, which is almost 6 times as much as in nine months of 2005.

LUKOIL refined 39.61 mln tons of crude at the Company’s owned and third-party refineries, up 7% y-o-y. Throughputs at the Company’s owned refineries grew by 2.4% y-o-y up to 35.91 mln tons.  The decrease of throughputs at the foreign refineries due to the Odessa refinery shutdown for a large-scale upgrade was almost fully offset by the growth of throughputs at the Burgas refinery.

Hydrocarbon production available for sale, th. boe per day

 9M 20069M 2005Growth
LUKOIL Group output:2,1381,890+13.1%
Including      
Crude oil output *1,9231,804+6.6%
Petroleum and natural gas output**21586+149.2%

 

Crude oil output, th. tons

 9M 20069M 2005Growth
LUKOIL Group output:71,13466,906+6.3%
Including      
Subsidiary companies68,39164,002+6.9%
Share in affiliated companies2,7432,904-5.5%
       
Russia:67,01764,241+4.3%
Including      
Subsidiary companies65,80562,728+4.9%
Share in affiliated companies1,2121,513-19.9%
       
International projects:4,1172,665+54.5%
Including      
Subsidiary companies2,5861,274+103.0%
Share in affiliated companies1,5311,391+10.1%
       
LUKOIL Group output, th. bpd*1,9231,804+6.6%
Average flow rate of oil wells in Russia, 
tons per day
11.2111.04+1.5%

* Conversion ratio from tons to barrels characterizes the density of oil from each of LUKOIL oilfields.

** Conversion ratio from cubic meters to barrels of oil equivalent is 1,000 cm = 5.885 boe.


Gas output available for sale, mcm
 
 
9M 2006
9M 2005
Growth
LUKOIL Group output:
9,983
4,007
+149.2%
Including
Subsidiary companies
9,827
3,817
+157.5%
Share in affiliated companies
156
190
-17.9%
 
Russia:
9,134
3,152
+189.8%
Including
Subsidiary companies
9,111
3,129
+191.2%
Share in affiliated companies
23
23
 
International projects:
849
855
-0.7%
Including
Subsidiary companies
716
688
+4.1%
Share in affiliated companies
133
167
-20.4%
LUKOIL Group output**, th. boe per day
215
86
+149.2%
 
** Conversion ratio from cubic meters to barrels of oil equivalent is 1,000 cm = 5.885 boe.