LUKOIL

Latest LUKOIL News

• Lukoil started production drilling and construction of a key production facility, namely a Central Processing Facility, at the West Qurna-2 field in Iraq.

• 800-900 tonnes of oil leaked daily for more than two days.

• OAO LUKOIL finished an evaluation and independent audit of its oil and gas reserves as they stand on December 31, 2011.

• Technip was awarded a lump sum turnkey contract for the engineering, procurement and construction of Phase 1 of a heavy residue hydrocracking complex to be built at their refinery in Burgas.

• Vanco provides Independance-1X exploration well drilled in Block CI-401.
• The well was drilled using the 'Ocean Rig Olympia' - a dynamically positioned sixth generation deepwater drillship in a water depth of 1,689 meters.

• Rialto Energy submits Field Development Plan (FDP) for the Gazelle field.
• Operations in Cote d'Ivoire have returned to normal following civil unrest.

• LUKOIL would partner with Vietnam's Petrovietnam in exploring oil and gas at home and abroad.
• LUKOIL signed a memorandum of understanding with Vietnam's state oil and gas group in Moscow on Thursday. The Russian group and Petrovietnam would share information on potential exploration blocks and exchange results.

• Lukoil works constantly to improve reliability of its electricity supply arrangements and to reduce spending on energy

• Shah Deniz project is being hotly contested with the Nabucco consortium, Trans Adriatic Pipeline and Interconnector Greece-Italy Poseidon in the run to secure the gas transport contract
• The giant Shah Deniz field is expected to pump 10 billion cubic metres of gas for the transport and supply to European customers

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