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" announced today the results of the reserves assessment and independent audit as of December 31, 2021. The proved reserves replacement ratio at the Company's projects in Russia totaled 109% in 2021, including 109% for liquids and 108% for gas.
LUKOIL's oil production at its Caspian Vladimir Filanovsky field exceeded 30 million tonnes. The Company also completed the second stage of development of the Yury Korchagin and continues development of its third Caspian field – the Valery Grayfer
As a part of its technical and economic optimization programme, LUKOIL conducted controlled directional casing drilling at its Bayandyskoye and Pyakyakhinskoye fields, and received encouraging results.
LUKOIL produced today the 2-billionth tonne of oil since the beginning of commercial development of West Siberian fields. This milestone event took place on the cusp of the Company's 30th anniversary.
LUKOIL announces a new oil finding in the Sayulita prospecting area of Block 10 offshore Mexico following the drilling of an exploratory well. The initial geological resources of the new accumulation may contain up to 200 Mboe in place. The Sayulita-1 EXP well is the second consecutive successful well drilled by the Company in partnership with the operator Eni as part of its Block 10 commitments.
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.
LUKOIL's cumulative production of oil has exceeded 35 million tonnes at its Yury Korchagin and Vladimir Filanovsky fields in the North Caspian Sea.
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.