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.
PJSC LUKOIL today released its audited consolidated financial statements for 2020 prepared in accordance with the International Financial Reporting Standards (IFRS).
At today's meeting the Board of Directors of PJSC LUKOIL determined the list of candidates for election to the Board of Directors at the 2021 Annual General Shareholders Meeting.
PJSC "LUKOIL" announces the results of the reserves assessment and independent audit as of December 31, 2020. According to the SEC classification, the Company's proved hydrocarbon reserves totaled 15.4 billion barrels of oil equivalent, 76% of which stood for liquids.
the fourth quarter of 2020 LUKOIL Group's average hydrocarbon production
excluding the West Qurna-2 project was 2,065 kboe per day, which is 9.5% higher
quarter-on-quarter. The growth was attributable to the dynamics of the external
limitations on oil production due to the OPEC+ agreement, as well as recovery
of gas production in Uzbekistan.
At today's meeting of LUKOIL Board of Directors in Moscow the members of the Board conducted a preliminary review of the Company's performance in 2020 and defined main objectives for 2021, which include, among other things, enhancement of the management system, observing investment discipline and further development of the carbon management system.
LUKOIL started pilot production at Khalmerpayutinskoye gas condensate field of the Bolshekhetskaya depression in Yamal-Nenets Autonomous District. The company has set up well pad at the field and drilled two wells with daily flow rates of 395 thousand cubic meters of natural gas and 31 tonnes of condensate.
LUKOIL has stepped up in the CDP (Carbon Disclosure Project) international climate change rating by one notch and entered the C List, which resulted from developing the Company's carbon management system.
LUKOIL Board of Directors held a meeting in Moscow today. The Board approved the Human Capital Management Policy, which is aimed at further perfecting the corporate culture, enhancing the system of corporate values and developing an efficient talent management system.
has substantially enhanced its positions in acknowledged international ESG
ratings in 2020. In particular, LUKOIL has stepped up in the Sustainalytics
Risk rating from 25th to the 11th position among over 50
vertically integrated oil and gas companies participating in the rating.