Date: 7 months ago   Category: Energy

Lukoil has reduced oil production in nine months by 0,8% — to 65 million tons — Rambler News Service


Lukoil has reduced oil production in January-September, 2018 by 0,8% in comparison with an indicator for the same period of last year — to 65,016 million tons, it is said in the statement of the company. Oil production without the Western Kurna-2 project has made 63,778 million tons that is 0,5% less, than in January-September, 2017. Gas production by the Lukoil group in nine months 2018 has made 24,638 billion cubic meters that is 19,2% more than an indicator for the same period of 2017. Average daily extraction of hydrocarbons (without the Western Kurna-2 project) has grown by 3,7% — up to 2,301 million barrels of an oil equivalent a day. As the company notes, in the reporting period work on development of priority projects was continued. In particular, in the third quarter the fourth well on the second turn of development of the field of Filanovsky has been put into operation. In nine months 2018 on the field 4,4 million tons of oil are extracted that is 40% more in comparison with the same period of 2017. On the field of Korchagin in July has been entered first extracting wells on the second turn of the field. Development of the Yaregsky field and a permokarbonovy deposit of the Usinsk field, including input of new steam generating capacities, has allowed to increase extraction of high-viscosity oil in nine months 2018 prior to 3,1 million tons, or for 29%, in comparison with the same period of 2017. Oil and gas condensate production on the Pyakyakhinsky field in Western Siberia in nine months 2018 has grown by 5% - up to 1,2 million tons. The share of five above-mentioned projects in total oil production of the company (without the Western Kurna-2 project) has made 15% in nine months 2018 that on 3 percentage points exceeds the level of the same period of 2017. Development of projects in Uzbekistan became a major factor of growth of gas production. Thanks to start of new capacities for gas preparation the group share "Lukoil in production on projects by Kandy and Gissar in nine months 2018 has grown to 9,6 billion cubic meters that is 84% more, than for the same period of 2017. In September, 2018 Kandymsky GPK reached design capacity of 8 billion cubic meters of gas a year. The volume of processing of oil raw materials at Lukoil Oil Refinery has grown in nine months 2018 by 0,7% in comparison with the same period of 2017, up to 50,314 million tons that is generally connected with increase in loading of oil refinery in Perm and Volgograd. In the third quarter 2018 at oil refinery of the company 17,5 million tons of oil raw materials have been processed.

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