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...
Log in or register for a free trial to continue reading this article
Not a subscriber?
To access our premium content, you or your organisation must have a paid subscription. Sign up for free trial access to demo this service. Alternatively, please call +44 (0)20 3004 6203 and one of our representatives would be happy to walk you through the service.Sign up