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.
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.
LUKOIL today released its condensed interim consolidated financial statements
for the three and nine month periods ended 30 September 2020, prepared in
accordance with International Financial Reporting Standards (IFRS).
the nine months of 2020 LUKOIL Group's average hydrocarbon production excluding
the West Qurna-2 project was 2,065 kboe per day, which is 11.6% lower year-on-year.
In the third quarter of 2020 hydrocarbon production was 1,885 kboe per day,
which is 4.9% lower quarter-on-quarter.
At the meeting of the Board of Directors of PJSC "LUKOIL" held today, the decision was taken to convene the Extraordinary General Shareholders Meeting in the form of absentee voting on December 3, 2020.
LUKOIL entered the construction phase of the second stage of the solar power plant (SPP) project that is currently underway on the premises of LUKOIL's Volgograd Refinery.