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all Oil Company "LUKOIL" press releases

Oil Company "LUKOIL"

January 31, 2007

LUKOIL hydrocarbon production available for sale increases by 12.2% y-o-y

LUKOIL Group (subsidiary companies and LUKOIL’s share in output by affiliated companies) total hydrocarbon production available for sale reached 2.14 mln boe per day in 2006, up 12.2% y-o-y.
Crude oil output of LUKOIL Group totaled 1.93 mln bpd* (up 5.8% y-o-y) or 95.235 mln tons. LUKOIL subsidiary companies produced 91.537 mln tons of crude, up 6.2% y-o-y. Oil production from international projects increased by 46.2%.
Average flow rate per oil well reached 11.23 tons per day, up 1.4% y-o-y.
Natural and associated gas output of LUKOIL Group available for sale was 13.61 bcm, which is 2.4 times more than in 2005. Natural gas output available for sale was 9.82 bcm, which is more than 5 times as much as in 2005.
LUKOIL refined 53.87 mln tons of crude at the Company’s owned and third-party refineries, up 7.5% y-o-y. Throughputs at the Company’s owned refineries grew by 3.4% y-o-y up to 48.89 mln tons.  The decrease of throughputs at the foreign refineries due to the Odessarefinery shutdown for a large-scale upgrade was almost fully offset by the growth of throughputs at the Burgas refinery.
 
Hydrocarbon production available for sale, th. boe per day
 
 
2006
2005
Growth
LUKOIL Group output:
2,144
1,911
+12.2%
        Including
 
 
 
    Crude oil output*
1,925
1,820
+5.8%
    Petroleum and natural gas output**
219
91
+141.6%
 
 
 
Crude oil output, th. Tons
 
 
2006
2005
Growth
LUKOIL Group output:
95,235
90,158
+5.6%
    Including
 
 
 
        Subsidiary companies
91,537
86,193
+6.2%
        Share in affiliated companies
3,698
3,965
-6.7%
 
 
 
 
Russia:
89,561
86,277
+3.8%
    Including
 
 
 
        Subsidiary companies
87,930
84,180
+4.5%
        Share in affiliated companies
1,631
2,097
-22.2%
 
 
 
 
International projects:
5,674
3,881
+46.2%
    Including
 
 
 
        Subsidiary companies
3,607
2,013
+79.2%
        Share in affiliated companies
2,067
1,868
+10.7%
 
 
 
 
LUKOIL Group output, th. bpd*
1,925
1,820
+5.8%
 
 
 
 
Average flow rate of oil wells in Russia,
tons per day
11.23
11.07
+1.4%
 
 
  * Conversion ratio from tons to barrels characterizes the density of oil from each of LUKOIL oilfields.
** Conversion ratio from cubic meters to barrels of oil equivalent is 1,000 cm= 5.885 boe.
 
 
 
Gas output available for sale, mcm
 
 
2006
2005
Growth
LUKOIL Group output:
13,612
5,635
+141.6%
    Including
 
 
 
        Subsidiary companies
13,396
5,377
+149.1%
        Share in affiliated companies
216
258
-16.3%
 
 
 
 
Russia:
12,424
4,427
+180.6%
    Including
 
 
 
        Subsidiary companies
12,392
4,396
+181.9%
        Share in affiliated companies
32
31
+3.2%
 
 
 
 
International projects:
1,188
1,208
-1.7%
    Including
 
 
 
        Subsidiary companies
1,004
981
+2.3%
        Share in affiliated companies
184
227
-18.9%
 
 
 
 
LUKOIL Group output**, th. boe per day
219
91
+141.6%
 
 
 
 
Total gas production by LUKOIL Group***,
th. boe per day
15,967
7,569
+111.0%
 
** Conversion ratio from cubic meters to barrels of oil equivalent is 1,000 cm= 5.885 boe.
*** Includes gas available for sale and gas for internal consumption as well as technological losses.
 
 
Refinery throughputs****, th. Tons
 
 
2006
2005
Growth
Owned refineries
48,885
47,275
+3.4%
   Russia
39,502
37,296
    +5.9%
   International
9,383
9,979
-6.0%
Third-party refineries
4,987
2,847
+75.2%
 
**** Including mini-refineries.
 
 
This information is based on preliminary operating data, which may be adjusted and corrected during preparation of LUKOIL financial accounts for 2006. So the figures in this press-release may differ from operating statistics, which will be published together with the financial accounts.
 
 
 

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