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The Southwest Gissar and Kandym projects in Uzbekistan account for 40% of Lukoil's gas production

The Southwest Gissar and Kandym projects in Uzbekistan account for 40% of Lukoil's gas production

Moscow, February 4 - Neftegaz.RU. In the Q4 of 2019 LUKOIL's average hydrocarbon production, excl. the West Qurna-2 project, was 2,388 thousand boe per day, which is 3.4% higher quarter-on-quarter. As a result, in 2019 production was 2,350 thousand boe per day which is 1.4% higher year-on-year. The increase was mainly driven by the development of gas projects in Uzbekistan.

Oil production, excl, the West Qurna-2 project, in 2019 totaled 85.9 million tonnes, which is 0.3% higher year-on-year. Oil production growth was mainly driven by the launch of the 2nd phase of Shakh Deniz project in Azerbaijan in 2018, as well as by acquisition of a share in the Marine XII project in Congo in September 2019. In the Q4 of 2019 oil production was practically unchanged quarter-on-quarter.

In 2019 oil production at the V. Filanovsky field increased by 5% year-on-year, oil production at the Yu. Korchagin field ramped up by 21% year-on-year owing to drilling program within the field's 2nd development stage.

In 2019, LUKOIL Group's gas production was 35.0 billion cu m, which is 4.5% higher year-on-year. The main driver of gas production growth was the development of projects in Uzbekistan.



As a result of the launch of the 2nd stage of the Kandym gas processing plant in 2018, production in Uzbekistan in 2019 increased by 7% year-on-year, to 14.1 billion cu m (LUKOIL's share).

In 2019, refinery throughput at LUKOIL's refineries was 68.7 million tonnes, which is 2.1% higher year-on-year. In the Q4 of 2019 refinery throughput was 6.8% lower quarter-on-quarter.

Refinery throughput in Russia increased by 2.2% year-on-year, to 44.2 million tonnes. The increase was mainly due to higher utilization rate of the Nizhny Novgorod refinery. A 6.7% quarter-on-quarter decrease in refinery throughput in the Q4 of 2019 was due to scheduled maintenance works at the Volgograd and Nizhny Novgorod refineries.

Refinery throughput in Europe increased by 1.9% year-on-year, to 24.6 million tonnes. The growth was driven by the maintenance works at the refinery in Bulgaria in the Q1 of 2018. A 6.9% quarter-on-quarter decrease in refinery throughput in the Q4 of 2019 was driven by scheduled maintenance works at the refinery in Italy.

To read the article in Russian.

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