Lukoil 2020 Capex May Exceed $8 Bln

Thursday, May 30, 2019

Russian oil producer Lukoil's capital expenditure may exceed $8 billion next year, the company's Vice President Pavel Zhdanov said on Thursday.

The oil producer sees its capex at between 475 billion and 500 billion roubles this year, depending on the global oil deal between OPEC and its allies, he said on a conference call.

(Reporting by Vladimir Soldatkin, Olesya Astakhova; writing by Tom Balmforth)

Categories: Finance Energy Drilling Russia Industry News Oil Production

Related Stories

Relieving the Pressure of Subsea P&A Activity

Petrobras CEO Says Too Early to Make Carbon Commitment

SubSLAM Live: Live 3D Subsea Streaming Tech Debuts

New 'Rig Baby' Takes Shape

Majors Press Mexico to Resume Oil Auctions

US Gulf: Infrastructure-led Exploration

Vår Energi Completes ExxonMobil Norway Acquisition

Johan Sverdrup Producing Around 350,000 BPD

PSA Probes Statfjord Leak

Northern Lights Partners Drill Wildcat for CO2 Storage

Current News

First Dussafu DTM-4H Production Well Completed

New Well Stimulation Method Debuts Offshore

Coast Guard Ends Search for Crashed Helicopter

AUV Project Boosts Endurance, Navigation Capabilities

Ocean Infinity to Perform Angola Survey for Total

BP Awards Cypre FEED to Aker Solutions

Danos Promotes Hebert and Theriot

Vår Energi Completes ExxonMobil Norway Acquisition

Seatool’s Plug-and-Play Subsea HPU Range

Ørsted Announces STEM Skills Fund


Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization


Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week