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" 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.
Company's shareholders approved the payment of interim dividends on ordinary shares based on the results of the first nine
months of 2020 in the amount of RUB 46 per one ordinary share. The dividend
record date is December 18, 2020.