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| Name | Symbol | Market | Type |
|---|---|---|---|
| PJSC Lukoil (CE) | USOTC:LUKOY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 6.96 | 0.00 | 01:00:00 |
From Jun 2019 to Jun 2024
By Adriano Marchese
LukOil PJSC said Tuesday that it has added 464 million barrels of oil equivalent to its proved reserves as a result of exploration and production drilling conducted in 2020.
The Russian oil company said its proved hydrocarbon reserves totaled 15.4 billion barrels of oil equivalent, of which 76% stood for liquids.
LukOil said the largest contribution was made by the assets in West Siberia, Ural region, Timan-Pechora and the Russian sector of the Caspian Sea.
At its existing fields, optimization of development systems and well-work programs, and conversion of contingent resources to reserves added 258 million barrels of oil to the proved reserves.
However, reserves dynamics was negatively affected by a 34% decrease in annual average oil price used for the reserves estimates.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
February 16, 2021 09:04 ET (14:04 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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