Lukoil aiming to ramp up gas production in 2017

Russian oil company Lukoil is planning to increase its hydrocarbon production by 3-4% in 2017 by ramping up its gas output, the company said in a presentation.
By Staff reporter 16 March 2017 0 25082

Russian oil company Lukoil is planning to increase its hydrocarbon production by 3-4% in 2017 by ramping up its gas output, the company said in a presentation.

Investment could amount to RUB 550-600 billion ($9.5-10.3 billion), depending on the ruble/dollar exchange rate.

The company aims to increase the share of high-margin oil production at the Filanovsky, Pyakyakhinskoye and Yaregskoye fields as well as boosting its production of gas in Uzbekistan.

Drilling activity in West Siberia could increase by 10-15%, with the aim of slowing down the fall in...

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