LUKOIL PRELIMINARY OPERATING DATA FOR 2004
Monday, February 14, 2005
In 2004 LUKOIL Group total hydrocarbon production reached 1.83 mln boe per day, up 7.5% y-o-y.
Crude oil output of LUKOIL Group (subsidiary companies and LUKOIL’s share in output of affiliated companies, forming the Company’s consolidated financial results) totaled 86.2 mln tons (up 7.4% y-o-y), or around 1.73 mln bpd*.
LUKOIL subsidiary companies produced 82.4 mln tons, up 8.3% y-o-y. Organic output growth of subsidiary companies was 5.3%.
Average flow rate of oil wells was 10.7 tons per day, which is 10% more than in 2003.
Flow rate of new oil wells grew by 24% compared with 2003 to 44.3 tons per day.
Gas output of LUKOIL Group was 6.5 bln m3, which is 14.3% more than in 2003.
LUKOIL refineries produced 40.9 mln tons of petroleum products in 2004, up 4.3% y-o-y.
| Hydrocarbon production, th. boe per day | |||
| 2004 | 2003 | Growth | |
| LUKOIL Group output: | 1,830 | 1,702 | +7.5% |
| Including | |||
| Crude oil output* | 1,726 | 1,611 | +7.1% |
| Gas output** | 104 | 91 | +14.3% |
| Crude oil output, th. tons | |||
| 2004 | 2003 | Growth | |
| LUKOIL Group output: | 86,200 | 80,226 | +7.4% |
| Including | |||
| Subsidiary companies | 82,408 | 76,072 | +8.3% |
| Share in affiliated companies | 3,792 | 4,154 | -8.7% |
| Russia: | 82,720 | 77,357 | +6.9% |
| Including | |||
| Subsidiary companies | 81,039 | 74,992 | +8.1% |
| Share in affiliated companies | 1,681 | 2,365 | -28.9% |
| International projects: | 3,480 | 2,869 | +21.3% |
| Including | |||
| Subsidiary companies (PSA) | 1,369 | 1,080 | +26.8% |
| Share in affiliated companies | 2,111 | 1,789 | +18.0% |
| LUKOIL Group output, kbpd* | 1,726 | 1,611 | +7.1% |
| Average flow rate of oil wells, tons per day | 10.7 | 9.7 | +10% |
| Flow rate of new oil wells, tons per day | 44.3 | 35.7 | +24% |
| Gas output, mln m3 | |||
| 2004 | 2003 | Growth | |
| LUKOIL Group output: | 6,473 | 5,664 | +14.3% |
| Including | |||
| Subsidiary companies | 6,213 | 5,411 | +14.8% |
| Share in affiliated companies | 260 | 253 | +2.8% |
| Russia: | 4,982 | 4,713 | +5.7% |
| Including | |||
| Subsidiary companies | 4,940 | 4,630 | +6.7% |
| Share in affiliated companies | 42 | 83 | -49.4% |
| International projects: | 1,491 | 951 | +56.8% |
| Including | |||
| Subsidiary companies (PSA) | 1,273 | 781 | +63.0% |
| Share in affiliated companies | 218 | 170 | +28.2% |
| LUKOIL Group output, th. boe per day** | 104 | 91 | +14.3% |
| *Conversion ratio from tons to barrels is 7.33 | |||
| **Includes marketable gas and gas for internal consumption as well as technological losses. Conversion ratio from m3 to barrels of oil equivalent is 1,000 m3 = 5.885 boe. | |||
| Petroleum product output, mln tons | |||
| 2004 | 2003 | Growth | |
| Total | 40.9 | 39.2 | +4.3% |
| Russia | 33.5 | 32.4 | +3.4% |
| International | 7.4 | 6.8 | +8.8% |
| This information is based on preliminary production data, which may be adjusted and corrected during preparation of LUKOIL | |||
| financial accounts for 2004. So the figures in this press release may differ from production statistics, which will be published | |||
| together with the financial accounts. |
