Lukoil Sees Oil Output Returning to Pre-Pandemic Levels in 2023

Published

Illustration - Lukoil's platform in the Caspian Sea / File Image: Lukoil
Illustration - Lukoil's platform in the Caspian Sea / File Image: Lukoil

Lukoil, Russia's second-biggest oil producer, plans to produce 83 million to 84 million tonnes of oil a year in Russia over the next three years, with output returning to pre-pandemic levels in 2023, it said on Wednesday.

The company, which earlier on Wednesday reported third-quarter net income of 192.5 billion roubles, up 1.4% from the previous quarter, said it expects capital expenditure in 2022 of about 550 billion roubles ($7.36 billion), excluding the West Qurna-2 project. 

($1 = 74.7225 roubles) 

(Reporting by Olesya Astakhova Writing by Alexander Marrow Editing by David Goodman )

Current News

Shell Seeks Buyer for 20% Stake in Brazilian Oilfield Cluster

Shell Seeks Buyer for 20% Stak

VAALCO Energy Spuds First Well in New Drilling Campaign off Gabon

VAALCO Energy Spuds First Well

US Judge Overturns Trump’s Freeze on Wind Energy Permits

US Judge Overturns Trump’s Fre

EnerMech Gets Onboard Woodside’s Pluto Train 2 LNG Project

EnerMech Gets Onboard Woodside

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine