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.
Governor of the Khanty-Mansi Autonomous District – Yugra Natalya Komarova and President of LUKOIL Vagit Alekperov discussed development prospects for amenities infrastructure in Kogalym and visited the facilities that are currently being constructed with the Company's support.
At today's meeting of LUKOIL Board of Directors in Moscow the members of the Board conducted a preliminary review of the Company's performance in 2020 and defined main objectives for 2021, which include, among other things, enhancement of the management system, observing investment discipline and further development of the carbon management system.
LUKOIL has become the first company in Russia to successfully develop and implement own completion system for horizontal wells. The high technological reliability of the new import substituting equipment will make it possible for the Company to start the commercial production of reserves which till recently was hindered due to lack of suitable Russian-made technology.
LUKOIL's cumulative production of oil has exceeded 35 million tonnes at its Yury Korchagin and Vladimir Filanovsky fields in the North Caspian Sea.
LUKOIL started pilot production at Khalmerpayutinskoye gas condensate field of the Bolshekhetskaya depression in Yamal-Nenets Autonomous District. The company has set up well pad at the field and drilled two wells with daily flow rates of 395 thousand cubic meters of natural gas and 31 tonnes of condensate.
LUKOIL and Gazprom signed the Master Agreement on the Terms of the Development of Vaneyvisskoye and Layavozhskoye fields, located in the Nenets region, Russia. The document elaborates on the necessary arrangements to commence hydrocarbon production at the fields.
LUKOIL reports on raising a directed secured loan to finance revamping of the Krasnodarskaya combined heat and power plant (CHPP) as part of the national campaign for modernization of power generation facilities. Modernization of the CHPP will improve its performance and decrease CO2 emissions.
LUKOIL has stepped up in the CDP (Carbon Disclosure Project) international climate change rating by one notch and entered the C List, which resulted from developing the Company's carbon management system.
LUKOIL received the Grand Prix and was announced winner in two categories of Eventiada IPRA Golden World Awards 2020, the largest communications award in Eastern Europe and Central Asia. The Grand Prix went to LUKOIL in recognition of the projects it carried out in 2019 and 2020. One of these projects involved setting up a large-scale multimedia exhibition in the Oil Pavilion at the Moscow’s VDNKh.
LUKOIL Board of Directors held a meeting in Moscow today. The Board approved the Human Capital Management Policy, which is aimed at further perfecting the corporate culture, enhancing the system of corporate values and developing an efficient talent management system.