Press Release

LUKOIL OBTAINS A LICENSE FOR THE VOSTOCHNO-TAYMYRSKY LICENSE AREA

Monday, December 14, 2015

Today the Federal Agency on Subsoil Use (Rosnedra) granted a subsoil use license to OOO LUKOIL-West Siberia (a wholly-owned subsidiary of PJSC LUKOIL) for the Vostochno-Taymyrsky license area located in the Taymyrsky Dolgano-Nenetsky Municipal District of the Krasnoyarsk Krai.

The license shall be valid for 27 years. The area of the Vostochno-Taymyrsky license area is 13,800 square kilometers.

Due to the obtainment of the Vostochno-Taymyrsky subsoil use license LUKOIL has considerably increased its hydrocarbon resources, which, should the geologic prospecting work prove successful, will create good oil and gas production prospects in the new West Siberian region.

25/04/2017 - LUKOIL DRILLS FIRST KILOMETER OF ITS EXPLORATION WELL 1P ON TAYMYR

LUKOIL has drilled 1,000 meters of its first exploration well on the Vostochno-Taymyrsky license block. 374 meters of core samples from eight formations will be collected and analyzed during drilling.

04/04/2017 - LUKOIL STARTS EXPLORATION IN TAIMYR AHEAD OF SCHEDULE

PJSC LUKOIL began drilling of the first 5,500 m prospecting and appraisal well (1P) in the Vostochno-Taymyrsky license area, Krasnoyarsk Territory, six months before the scheduled deadline. LUKOIL is the first company to drill such a deep well into Lower Cambrian strata in the region.

11/08/2015 - LUKOIL AWARDED BLOCK IN EASTERN SIBERIA

PJSC LUKOIL has been awarded the rights to develop the Vostochno-Taimyrsky block, which is located in the Taimyr Dolgano-Nenets district of the Krasnoyarsk region. OOO LUKOIL-West Siberia, a fully-owned subsidiary of PJSC LUKOIL, will operate the block.

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