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.
Representatives of LUKOIL and the International Labor Organization (ILO) discussed issues of further interaction, including development of the cooperation under the Youth Employment Partnership Project for the CIS countries, in Moscow today.
PJSC LUKOIL began drilling of the first 5,500 m prospecting and appraisal well (1P) in the Vostochno-Taymyrsky license area, Krasnoyarsk Territory, six months before the scheduled deadline. LUKOIL is the first company to drill such a deep well into Lower Cambrian strata in the region.
PJSC LUKOIL has become a sponsor of the 2017 FORMULA 1 VTB RUSSIAN GRAND PRIX, which will be held at Sochi Autodrom from 27th to 30th April. For LUKOIL, being a sponsor of the 2017 FORMULA 1 VTB RUSSIAN GRAND PRIX, promotes the Company's global brand awareness and creates additional marketing opportunities for promoting its high-tech products – fuel and motor oils.
LUKOIL has reached another milestonnee with nine million tonnes of oil, produced at Vladimir Filanovsky and Yuri Korchagin fields.
LUKOIL has put in operation a gas desulphurization unit at the Usinsky gas processing plant. The new facility will make it possible to increase the utilization of associated petroleum gas from the Usinskoye field to 95%.
LUKOIL's refinery in Nizhny Novgorod commences commercial production of a unique ECTO 100 gasoline, April 1, 2017. LUKOIL's new generation fuel with the octane rating of no less than 100, improves efficiency of high power engines, demonstrating all performance and environmental advantages of the ECTO range.
Minister of Oil of Iran Bijan Namdar Zangeneh held a meeting with the President of LUKOIL Vagit Alekperov. The parties discussed potential involvement of the company in projects in Iran and other important issues, related to the development of global oil market.
LUKOIL has developed a new technique to respond to oil spills in the Arctic waters. The new multi-patented technology is based on the use of biosorbents with cold-resistant microbial strains at contaminated salt and fresh waters.
LUKOIL and Gazprom neft ran joint exercise "Arctic-2017" to simulate oil spill response in ice conditions. The exercise took place in the Barents Sea, near the Varandey fixed ice-resistant offloading terminal and Prirazlomnaya ice-resistant platform.
LUKOIL has applied innovative technologies for examination of core samples of the West Qurna-2 field. The results of the experiment will be used to elaborate on reservoir porosity and permeability, develop a more accurate reservoir model of the Mishrif formation, and thus secure better efficiency of its development.