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all Oil Company "LUKOIL" press releases

Oil Company "LUKOIL"

August 13, 2010

LUKOIL total hydrocarbon production increased by 1.8% in the first half of 2010

LUKOIL Group total hydrocarbon production available for sale reached 2,261 th. boe per day in the first half of 2010, which is a 1.8% increase y-o-y.

Crude oil production by LUKOIL Group in the first half of 2010 totalled 48.14 mln tons. Natural and petroleum gas output of LUKOIL Group available for sale was 9.24 bcm (grew by 25.6% y-o-y): output as part of international projects totalled 2.48 bcm, output in Russia was 6.76 bcm.

Throughputs at the Company’s refineries (including its share in throughput at ISAB and TRN refining complexes) increased by 8.2% y-o-y in the first half of 2010 and reached 32.41 mln tons. Throughputs at the Company’s refineries in Russia increased by 1.5% y-o-y, throughputs at the Company’s international refineries grew by 26.1% y-o-y.

Hydrocarbon production available for sale, th. boe per day

 

1H 2010

1H 2009

Change

Hydrocarbon production, th. boe per day

2,261

2,220

  +1.8%

 Crude oil output, th. bpd*

1,961

1,981

-1.0%

Natural and petroleum gas output available for sale, th. boe per day**

300

239

+25.6%

Crude oil output, th. Tons

 

1H 2010

1H 2009

Change

LUKOIL Group output:

48,140

48,633

-1.0%

Including

 

 

 

Subsidiary companies

46,613

47,408

-1.7%

Share in affiliated companies

1,527

1,225

+24.7%

 Russia:

45,028

45,784

-1.7%

Including

 

 

 

Subsidiary companies

44,864

45,634

-1.7%

Share in affiliated companies

164

150

+9.3%

 International projects:

3,112

2,849

+9.2%

Including

 

 

 

Subsidiary companies

1 749

1 774

-1.4%

Share in affiliated companies

1 363

1 075

+26.8%

LUKOIL Group output,

th. bpd*

1,961

1,981

-1.0%

 *   Conversion ratio from tons to barrels characterizes the density of oil from each of LUKOIL oilfields.

**   Conversion ratio from cubic meters to barrels of oil equivalents is 1,000 cubic meters = 5.885 boe.

 

 

 

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