Tag Archive

LUKOIL AND NNPC SIGN MoU

LUKOIL AND NNPC SIGN MoU

October 29, 2019 No Comments

President of PJSC LUKOIL Vagit Alekperov and Nigerian National Petroleum Corporation (NNPC) Group Managing Director Mele K Kyari signed a Memorandum of Understanding between the companies. Memorandum was signed today at the Russia-Africa economic forum in Sochi. According to the Memorandum, the parties intend to consider possible cooperation in the exploration, production and refining of […]

ADNOC Awards LUKOIL a Stake in the Ghasha Sour Gas Concession

ADNOC Awards LUKOIL a Stake in the Ghasha Sour Gas Concession

October 17, 2019 No Comments

The Abu Dhabi Government and the Abu Dhabi National Oil Company (ADNOC) have awarded to a subsidiary of the Russian listed PJSC Lukoil Oil Company (LUKOIL) a five percent stake in the Ghasha ultra-sour gas concession that comprises the Hail, Ghasha, Dalma and other offshore sour gas fields in the Emirate of Abu Dhabi. At […]

LUKOIL signs Heads of Agreement on the I-P-2 block

LUKOIL signs Heads of Agreement on the I-P-2 block

June 11, 2019 No Comments

At the 23rd St. Petersburg International Economic Forum, President of LUKOIL Vagit Alekperov and Chairman of the Management Board of JSC NC KazMunayGaz Alik Aidarbayev have signed Heads of Agreement on the I-P-2 block located in the Kazakh Sector of the Caspian Sea. The Heads of Agreement call for the parties to hold negotiations to […]

LUKOIL AND GAZPROM TO ESTABLISH JOINT VENTURE

LUKOIL AND GAZPROM TO ESTABLISH JOINT VENTURE

December 14, 2018 No Comments

President of LUKOIL Vagit Alekperov and Chairman of the Management Committee of Gazprom Alexey Miller discussed bilateral cooperation at a meeting. For instance, the parties touched upon the development of Vaneyvisskoye and Layavozhskoye fields in the Nenets Autonomous District, Russia. The companies are getting ready to establish a joint venture for the project. Vagit Alekperov […]

Eni and Lukoil sign agreement on exploration licenses offshore Mexico

Eni and Lukoil sign agreement on exploration licenses offshore Mexico

November 6, 2018 No Comments

Eni and Lukoil signed a farm-out agreement for the transfer of participating interests in three exploration licenses in Mexico’s shallow waters. According to the agreement, Eni will give Lukoil a 20% stake in the Production Sharing Contracts (PSC) in both Area 10 and Area 14, and will acquire a 40% stake in Lukoil’s PSC for […]

LUKOIL Signs Development Plan For West Qurna-2 field

LUKOIL Signs Development Plan For West Qurna-2 field

May 15, 2018 No Comments

LUKOIL and the Basra Oil Company signed a Development Plan of West Qurna-2 field that provides for an oil production plateau of 800 thousand barrels per day. According to the Plan, the oil production of 480 thousand barrels per day will be reached in 2020 and 800 thousand barrels per day is expected in 2025. […]

Renaissance Oil Updates on Production at Amatitlán

Renaissance Oil Updates on Production at Amatitlán

March 14, 2018 No Comments

Renaissance Oil Corp. (TSX-V: ROE) announced, in conjunction with its partner, LUKOIL, the Company has finished drilling six wells of the approved 10 Chicontepec well appraisal program for the Amatitlán block: The first two wells drilled, Amatitlán 1708 and 1649, both having intersected several thick Chicontepec sands, were fracture treated for gross stimulated sand thickness […]

BUMI ARMADA SIGNS USD134 MILLION CONTRACT WITH LUKOIL

BUMI ARMADA SIGNS USD134 MILLION CONTRACT WITH LUKOIL

August 15, 2017 No Comments

Bumi Armada Berhad’s wholly owned subsidiary Bumi Armada Caspian LLC (“BAC”) has signed a supplementary agreement with LUKOIL-Nizhnevolzhskneft LLC (“LUKOIL”) (“Supplementary Agreement”) for additional Engineering, Procurement, Construction and Installation (“EPCI”) scope. The additional scope will involve Bumi Armada’s Subsea Construction assets to lay subsea pipelines and undertake post trenching and back-filling works on sections of […]

Bowleven receives Etinde Farm-Out Payment Of $15 million

October 3, 2016 No Comments

Bowleven, the Africa focused oil and gas exploration group traded on AIM, announced that it has received the $15 million cash proceeds payable under the Etinde farm-out transaction with LUKOIL and NewAge. As at 30 September 2016, Bowleven had circa $100 million cash and no debt. Under the terms of the Etinde farm-out transaction, Bowleven […]

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Russian Clients Inspect Dervos Valves in China

April 13, 2016 No Comments

On March 22nd 2016, Dervos Valve clients Mr. Gernady and Mr. Yuri from Russia Federation, accompanied by their Chinese colleague Mr. Wangshi, came to our valve factory to inspect the valves which they ordered from Dervos Valve in February, 2016. According to Mr. Yuri, these valves will be used on Lukoil project. The valves were […]

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