We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Pjsc Lukoil | LSE:LKOH | London | Ordinary Share | RU0009024277 | ORD RUB0.025 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 56.2184 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMLKOD
RNS Number : 0861D
PJSC LukOil
14 February 2020
LUKOIL COMPLETES RESERVES ESTIMATE AS OF THE END OF 2019
PJSC "LUKOIL" (hereinafter - the Company) announces the results of the reserves assessment and independent audit as of December 31, 2019.
According to the SEC classification, the Company's proved hydrocarbon reserves totaled 15.8 billion barrels of oil equivalent, 76% of which stood for liquids. The proved reserves replacement ratio for liquids, excluding the effect of changes in macroeconomic factors on evaluation, totaled 107% in 2019. The Company's proved hydrocarbon reserves life is 18 years.
As a result of geological exploration and production drilling conducted in 2019, LUKOIL added 642 million barrels of oil equivalent to proved reserves, which is 11% higher year-on-year. The largest contribution was from assets in West Siberia, Timan-Pechora and Russian sector of the Caspian Sea.
Optimization of development systems and wellwork programs at existing fields, as well as conversion of contingent resources to reserves added 108 million barrels of oil equivalent to proved reserves. Acquisition of assets in Russia and abroad in 2019 added 70 million barrels of oil equivalent to proved reserves.
The reserves dynamics was negatively affected by an 11% decrease in oil price and US dollar to ruble exchange rate used for reserves evaluation.
LUKOIL Group's Hydrocarbon Reserves
As of December 31, Liquids Gas Hydrocarbons 201 9 billion cubic million barrels million barrels feet of oil equivalent ---------------- -------------- ------------------- Proved reserves 12,0 15 2 2 , 527 15, 769 including: Developed 7, 79 9 10,390 9,531 Undeveloped 4, 216 12,137 6, 238 ---------------- -------------- ------------------- Probable reserves 4, 671 9,275 6, 217 ---------------- -------------- ------------------- Possible reserves 2, 506 2,9 66 3,000 ---------------- -------------- -------------------
The independent audit of proved reserves was performed by Miller and Lents based on the commercial life-of-field approach. The conversion ratio from cubic feet to barrels: 1 barrel = 6,000 cubic feet.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
STRUSVARRVUUAAR
(END) Dow Jones Newswires
February 14, 2020 07:15 ET (12:15 GMT)
1 Year Pjsc Lukoil Chart |
1 Month Pjsc Lukoil Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions