June 26-28, 2014 — The LUKOL Group presented its priority investment projects for the Komi Republic.
On June 26, 2014, participants of the event visited the corporate headquarters: in the morning they had the opportunity to take part in LUKOIL's Annual General Shareholders Meeting, and in the afternoon they visited LUKOIL's Drilling Support Center. The Drilling Support Center provides real-time expert support for the drilling process of major wells owned by the Company. Specialists of the Center conduct real-time drilling monitoring and provide technological and geological support of drilling. K.D. Wilson, Head of the OAO LUKOIL Well Construction Department, presented his report on advanced drilling techniques to the presentation participants. In his speech, he focused on the Company's latest developments and achievements in the areas of drilling techniques and remote drilling support during the entire well construction cycle.
June 27-28, 2014 — The participants visited the OAO LUKOIL production facilities located in the Komi Republic.
June 27, 2014 — The Presentation participants visited OOO LUKOIL-Komi headquarters. P.V. Oboronkov, General Director of OOO LUKOIL-Komi, A.V. Kolobanov, Deputy General Director of OOO LUKOIL-Komi for Field Development, V.V. Sarychev, Head of the Sever Design Office of OOO LUKOIL-Komi, delivered their speeches before representatives of the investment community. The speakers focused on the activities of OOO LUKOIL-Komi in the Timan-Pechora province and implementation of the priority investment projects of the LUKOIL Group in the Komi Republic and the Nenets Autonomous Okrug.
June 27, 2014 — Representatives of the investment community also had an opportunity to have a close look (bird's-eye view) at the Vostochno-Lambeyshorskoye Field and to visit the Bayandyskoye Field. The uniqueness of these fields lies in their environmental properties. The fields provide for non-waste production of oil, associated gas and commercial sulfur. Upon completion of all start-up operations (2014—2015) all the facilities necessary for implementation of technological processes, including generating facilities, hydrogen sulfide stripping facilities, gas drying units, and water wells will be located at one process site.
June 28, 2014 — The participants visited the solid oil sludge treatment unit at the Usinskoye field. The oil-contaminated lands in the immediate vicinity of the facilities are carefully treated. Vibrating sieves and separators are used to separate various pollutants from the contaminated soils, and then the treated soils are subject to analysis for presence of harmful substances. Should the concentration be compliant with the permissible level, the treated soil is restored to the natural environment, while the separated oil is injected into the oil collection and treatment system at the Usinskoye field.
As part of the inspection of the activities of OOO LUKOIL-Komi in terms of environmental protection and environmental legislation compliance, the participants visited the two-tier protection facilities designed to protect the Kolva River from oil contamination. The two-tier protection system was designed and constructed in 1995 to prevent oil contamination of the Pechora River and its tributaries, the Usa and Kolva Rivers. Maneuvers dedicated to emergency oil and petroleum product spill response and containment were held for the participants. The representatives of the investment community viewed the actions of the rescue team and its skills in operating engineering tools and equipment for the containment and collection of the oil supposedly released into the Kolva River.
On June 28, 2014, as part of the Presentation, the representatives of the investment community had an opportunity to study the work of OOO LUKOIL-Komi in the area of high-viscosity oil production, with the Permian-Carboniferous deposit of the Usinskoye field serving as an example. This deposit of the Usinskoye field serves as a testing ground for oil recovery enhancement techniques to be applied at the formations with high-viscosity oil.
The trip of the investment community representatives to the Komi Republic ended at the Museum of Oil Industry History of the Timan-Pechora Province under the auspices of OOO LUKOIL-Komi, a global information project, involving cutting-edge audio and TV equipment. Visitors to this museum can examine exhibits showing the fields of the Tima-Pechora oil and gas province and telling a story of its development, the properties of the Ukhta oil, and the techniques employed for its production and treatment. The museum also possesses a vast collection of local historical items.