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PJSC Lukoil Board of Directors reviews company performance 1H15

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Hydrocarbon Engineering,

The Board of Directors at PJSC Lukoil has analysed the company’s performance and progress for 1H15, with reference to the budget and investment programmes for 2015.

Oil processing at the company’s refineries dropped by 5.4% against 1H14, totaling 30.5 million t, including 20.2 million t at Russian refineries.

As a result of geological exploration carried out by the company, the hydrocarbon recoverable reserves increment exceeded 11 million t, which exceeded reserves of 1H14 by 62%. Five fields and ten hydrocarbon deposits were discovered.

Lukoil Group’s hydrocarbon production for 1H15 increased by 5% as compared with 1H14, totaling 430 million boe, and the associated petroleum gas utilisation rate at the company’s enterprises in Russia exceeded 91%.

Edited from press release by

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