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Oil Company "LUKOIL"

July 29, 2004

LUKOIL preliminary operating data for 1H 2004

In the first half of 2004 crude oil output of LUKOIL Group (subsidiary companies and LUKOIL’s share in affiliated companies, forming the Company’s consolidated financial results) totaled 42.15 mln tons, up 8.4% y-o-y.

LUKOIL subsidiary companies produced 40.55 mln tons, up 11,7%  y-o-y.

Average flow rate of LUKOIL oil wells amounted to 10.52 tons per day, which is 11.7% more than in the same period of 2003.

LUKOIL refineries produced 19.7 mln tons of oil products in the first half of 2004, which is 3.1% more than in the same period of 2003.

 

 

 

Oil production, th. tons

1H  2004

1H  2003

Growth, %

Russia

40 536

37 482

8.1

including

 

 

 

Subsidiary companies

39 954

35 758

11.7

LUKOIL’s share in affiliated companies

582

1724

-66.2

International projects

1 609

1 381

16.5

Including

 

 

 

Subsidiary companies (PSA)

598

534

12.0

LUKOIL’s share in affiliated companies

1 011

847

19.4

Total production of LUKOIL Group

42 145

38 863

8.4

Including

 

 

 

Subsidiary companies

40 552

36 292

11.7

LUKOIL’s share  in affiliated companies

1 593

2 571

-38.0

Production of LUKOIL Group, mln barrels per day

1.70

1.57

7.8

Average flow rate of oil wells, tons per day

10.52

9.42

11.7

 
 

 

 

Production of oil products, mln tons

1H 2004

1H 2003

Growth, %

Russia

16.5

15.8

4.4

International

3.2

3.3

-3.0

Total

19.7

19.1

3.1

 

 

This information is based on preliminary production data, which may be adjusted and corrected during preparation of LUKOIL financial accounts for the first half of 2004. So there may be divergences from production statistics, which will be published together with the financial accounts.



Press Centre  OAO "LUKOIL"
phone.: (095)927-1677,  fax: (095)927-1653,
E-mail: pr@lukoil.com

 

 

 

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