President of LUKOIL Vagit Alekperov and the Head of the Udmurt Republic, Alexander Brechalov, discussed the progress of joint projects and the company's potential development in the republic, at a working meeting in Izhevsk today.

LUKOIL owns a network of 64 gas stations and develops three license areas in the republic.

The company won the bids for Chukavinsky and Chernushkinsky license areas in 2012-2013 and the bid for Bykovsky in 2017. The same year, the company started prospect drilling at Chukavinsky area as part of its exploration program. With a 3D seismic survey completed and interpreted, the company plans to commence prospecting at Chernushkinsky area in 2018

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