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.
LUKOIL today released its audited consolidated financial statements for 2018
prepared in accordance with the International Financial Reporting Standards.
LUKOIL (hereinafter the Company) announces the results of the reserves assessment and independent audit as of December 31, 2018.
2018 LUKOIL Group's average hydrocarbon production excluding West Qurna-2
project was 2,319 thousand boe per day, which is 3.8% higher year-on-year. In
the fourth quarter of 2018 production increased by 1.9% quarter-on-quarter and
averaged 2,371 thousand boe per day.
The LUKOIL Board of Directors held a meeting in Moscow today to summarize the Company's preliminary 2018 results and set priorities for 2019. It was emphasized at the meeting that the Company successfully accomplished the first year's interim goals within the ten-year strategy and achieved significant progress in delivering key projects and strategic initiatives.
cumulative production of oil in the Russian part of the Caspian Sea has exceeded
20 million tonnes.
President of LUKOIL Vagit Alekperov and Chairman of
the Management Committee of Gazprom Alexey Miller discussed bilateral
cooperation at a meeting. For instance, the parties touched upon the development
of Vaneyvisskoye and Layavozhskoye fields in the Nenets Autonomous District,
President of PJSC LUKOIL Vagit Alekperov and Chairman of the Management Board of JSC NC KazMunayGas Alik Aidarbayev signed agreements on joint cooperation and financing of the Zhenis project in the Kazakhstan's sector of the Caspian Sea.
PJSC LUKOIL today released its condensed interim consolidated financial statements as of and for the three and nine months ended 30 September 2018, prepared in accordance with International Financial Reporting Standards (IFRS).
the first nine months of 2018 LUKOIL Group's average hydrocarbon production
excluding West Qurna-2 project was 2,301 thousand boe per day, which is 3.7%