Source Pravda.Ru

LUKoil produced 39.4m tons of oil in first half of 2002

The LUKoil Board of Directors' meeting held in Moscow today summed up theresults of the company's performance in the first half of this year, thepress service of LUKoil reported. According to the approved documents, inJanuary-June 2002 the oil output of the company's affiliates andsubsidiaries was 39.4m tons, including the company's participation in PSAprojects, an increase of 1.5 percent from the figure reported in the firsthalf of last year. 8m tons were extracted due to using up-to-date enhancedrecovery techniques. The company's share in the total Russian oilproduction amounted to 21%. Two fields, Tadin and Toboy, were commissionedin the reporting period. Unit costs of oil production for LUKoil's Russiansubsidiaries (excluding taxes and depreciation) decreased by 2.8% ascompared to the similar period of 2001 and reached RUR651.5 (around $20.68)per ton of oil produced. Gas production by the company's subsidiaries and affiliates reached 2.6bncubic meters, which is in line with last year's output. The company'shydrocarbon reserve growth was ahead of schedule. Over 6 months of 2002 thecompany added 38.6m tons of oil equivalent, including 20.2m tons of oil andgas condensate and 18.4bn cubic meters of gas. Costs of reserve growthdecreased by 10% to $0.53 per barrel as compared to the similar period of2001..

©

&to=http://www.lukoil.com' target=_blank>LUKoil

Comments
Croatian footballers glorify Ukraine after defeating Russia. Scandal out of nothing?
Russia to prove its innocence in MH17 disaster
Russia to prove its innocence in MH17 disaster
The Future of NATO
Does Putin trust Trump now?
The Future of NATO
Melania Trump starstruck when shaking hands with Putin
Putin-Trump summit in Helsinki held in the cross hairs of the Russian fleet
Putin-Trump summit in Helsinki held in the cross hairs of the Russian fleet
Trump versus the Traitors on Capitol Hill
Russia disposes of US government bonds to buy more gold
New Kinzhal missile to strike aircraft carriers from distance of 1,500 km
Putin warns of consequences should Georgia and Ukraine become NATO members
Putin warns of consequences should Georgia and Ukraine become NATO members
Russia disposes of US government bonds to buy more gold
Can USA and Russia reset their relationship in Helsinki or is it a waste of time?
Putin warns of consequences should Georgia and Ukraine become NATO members
Putin warns of consequences should Georgia and Ukraine become NATO members
Putin warns of consequences should Georgia and Ukraine become NATO members
Is President Trump a traitor because he wants peace with Russia?
Trump versus the Traitors on Capitol Hill