Press Release

LUKOIL RECEIVES APPROVAL OF DECLARATION OF COMMERCIALITY FOR ERIDU FIELD RESERVES IN IRAQ

Monday, March 6, 2023

PJSC LUKOIL and INPEX SOUTH IRAQ LTD received approval from Iraqi state-owned Thi-Qar Oil Company (TOC) for Declaration of Commerciality of Reserves and Outline Development Proposal for Eridu oilfield located within Block 10 in Iraq.

Following TOC's approval, LUKOIL and INPEX SOUTH IRAQ are planning to proceed with the implementation of the Eridu oilfield development plan targeting 250 thousand barrels per day production.

 Geological exploration at Block 10 started in 2012, 2D and 3D seismic surveys have been carried out, three exploration and six appraisal wells have been drilled. These activities resulted in discovery of the Eridu oilfield with estimated reserves of 12.9 billion barrels. The field is one of the largest petroleum discoveries in Iraq over the last 20 years. 

29/05/2020 - LUKOIL SUPPORTS ITS OPERATION REGIONS IN THE FIGHT AGAINST COVID-19

Since the outbreak of the coronavirus pandemiс LUKOIL has donated more than 652 million rubles in 22 Russian regions and almost 900 thousand dollars in its operation countries abroad to treat patients and fight the spread of the disease.

07/02/2019 - LUKOIL BEGINS DRILLING NEW PRODUCTION WELLS AT WEST QURNA-2

Drilling of new production wells has started​ at West Qurna-2 field as part of the second development phase. 54 wells at Mishrif formation and 3 wells at Yamama formation will ramp up production at the field in accordance with recent contacts.

05/03/2018 - PJSC LUKOIL PRESIDENT MET PRIME MINISTER OF IRAQ

Prime Minister of Iraq Haider Al Abadi held a meeting with P​JSC LUKOIL President Vagit Alekperov in Baghdad. Parties discussed several issues related to LUKOIL projects in the country.​

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