LUKOIL Group (subsidiary companies and LUKOIL’s share in output of affiliated companies) total hydrocarbon production in the first half of 2006 reached 2.14 mln boe per day, up 11.9% y-o-y.
Crude oil output of LUKOIL Group totaled 1.89 mln bpd* (up 5.6% y-o-y) or 46.69 mln tons. LUKOIL subsidiary companies produced 44.89 mln tons of crude, up 6.0% y-o-y.
Oil production from international projects increased by 43.0% y-o-y as Nelson Resources Limited was acquired at the end of 2005.
Average flow rate per oil well reached 11.23 tons per day, up 2.1% y-o-y.
Petroleum and natural gas output of LUKOIL Group was 7.74 bcm, which is more than twice as much as in the first half of 2005. Natural gas output was 5.14 bcm, which is 265% up y-o-y as the Nakhodkinskoye gas field was put into operation in April 2005. Natural gas production at the field reached 4.1 bcm in the first half of 2006.
LUKOIL refined 23.32 mln tons of crude at its own refineries, up 3.6% y-o-y. Throughputs at Russian refineries grew by 7.3% due to the refining margin growth caused by increasing export tariff. The decrease of throughputs at the foreign refineries was a result of the Odessa refinery shutdown for a large-scale upgrade in July 2005.
Hydrocarbon production, th. boe per day
|
|
1H 2006 |
1H 2005 |
Growth |
|
LUKOIL Group output: |
2,143 |
1,915 |
+11.9% |
|
Including |
|
|
|
|
Crude oil output* |
1,891 |
1,791 |
+5.6% |
|
Petroleum and natural gas output** |
252 |
124 |
+103.7% |
Crude oil output, th. tons
|
|
1H 2006 |
1H 2005 |
Growth |
|
LUKOIL Group output: |
46,688 |
44,225 |
+5.6% |
|
Including |
|
|
|
|
Subsidiary companies |
44,888 |
42,351 |
+6.0% |
|
Share in affiliated companies |
1,800 |
1,874 |
-3.9% |
|
|
|
|
|
|
Russia: |
43,968 |
42,323 |
+3.9% |
|
Including |
|
|
|
|
Subsidiary companies |
43,177 |
41,425 |
+4.2% |
|
Share in affiliated companies |
791 |
898 |
-11.9% |
|
|
|
|
|
|
International projects: |
2,720 |
1,902 |
+43.0% |
|
Including |
|
|
|
|
Subsidiary companies |
1,711 |
926 |
+84.8% |
|
Share in affiliated companies |
1,009 |
976 |
+3.4% |
|
|
|
|
|
|
LUKOIL Group output, th. bpd* |
1,891 |
1,791 |
+5.6% |
|
|
|
|
|
|
Average flow rate of oil wells in Russia,
tons per day |
11.23 |
11.00 |
+2.1% |
|
Flow rate of new oil wells in Russia, tons per day |
41.27 |
46.29 |
-10.8% |
Petroleum and natural gas output**, mcm
|
|
1H 2006 |
1H 2005 |
Growth |
|
LUKOIL Group output: |
7,742 |
3,801 |
+103.7% |
|
Including |
|
|
|
|
Subsidiary companies |
7,598 |
3,661 |
+107.5% |
|
Share in affiliated companies |
144 |
140 |
+2.9% |
|
|
|
|
|
|
Russia: |
6,851 |
2,797 |
+144.9% |
|
Including |
|
|
|
|
Subsidiary companies |
6,809 |
2,768 |
+146.0% |
|
Share in affiliated companies |
42 |
29 |
+44.8% |
|
|
|
|
|
|
International projects: |
891 |
1,004 |
-11.3% |
|
Including |
|
|
|
|
Subsidiary companies |
789 |
893 |
-11.6% |
|
Share in affiliated companies |
102 |
111 |
-8.1% |
|
|
|
|
|
|
LUKOIL Group output, th. boe per day |
252 |
124 |
+103.7% |
* Conversion ratio from tons to barrels is 7.33.
** Includes marketable gas and gas for own consumption as well as technological losses. Conversion ratio from cubic meters to barrels of oil equivalent is 1,000 cm = 5.885 boe.
Refinery throughputs***, mln tons
|
|
1H 2006 |
1H 2005 |
Growth |
|
Total |
23.32 |
22.52 |
+3.6% |
|
Russia |
18.71 |
17.43 |
+7.3% |
|
International |
4.61 |
5.09 |
-9.4% |
*** Including mini-refineries and excluding fuel oil processing at Burgas Refinery.
This information is based on preliminary operating data, which may be adjusted and corrected during preparation of LUKOIL financial accounts for the first half of 2006. So the figures in this press-release may differ from operating statistics, which will be published together with the financial accounts.
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