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.
For the first time in the company's history, PJSC LUKOIL has as of today stepped over the boundary of 100 million tonnes of produced oil annually.
PJSC LUKOIL press office announces the completion of drilling of the exploratory well Lira-1X and the discovery of a gas field in the Lira offshore structure, which is located at the Trident block (EX-30) in the deep-sea Romanian offshore.
LUKOIL has cumulatively produced 30 billion cubic meters (bcm) of natural gas at its projects in Uzbekistan. Most of this (about 85%) comes from the Khauzak-Shady field in the Bukhara Province.
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.
Under the second stage of the Production Sharing Agreement of the Shah Deniz Project in Azerbaijan, LUKOIL Overseas Shah Deniz Ltd. (a fully-owned PJSC LUKOIL subsidiary) has signed in Baku a 12 year credit-facility agreement with a consortium of banks to borrow USD 1 billion.
LUKOIL has begun production tests of two Gas Treatment Plants (GTPs) at the Northern Shady Site and the Kuvachi-Alat Field in Uzbekistan's Bukhara Region as part of the Kandym Early Gas Project, which is being implemented together with National Holding Company Uzbekneftegaz.
LUKOIL President Vagit Alekperov took part in a meeting between the Iraqi Prime Minister, Haider al-Abadi, and Mikhail Bogdanov, the Russian President's Special Representative for the Middle East and Africa, Russia’s Deputy Minister of Foreign Affairs. The latter conveyed the RF President’s invitation to the Iraqi leader to pay an official visit to Moscow.
OAO LUKOIL and OAO ANK Bashneft have signed a Participants' Agreement in OOO Oil Company VOSTOK-NAO. The VOSTOK NAO Joint Venture (with LUKOIL and Bashneft each controlling a 50% stake) was set up to conduct geologic studies, exploration and production of raw hydrocarbons at the company's license blocks in the Nenets Autonomous Okrug.