PJSC LukOil Results of Reserves Assessment (2810P)
16 Febrero 2021 - 07:30AM
UK Regulatory
TIDMLKOD
RNS Number : 2810P
PJSC LukOil
16 February 2021
LUKOIL COMPLETES RESERVES ESTIMATE AS OF THE END OF 2020
PJSC "LUKOIL" (hereinafter - the Company) announces the results
of the reserves assessment and independent audit as of December 31,
2020.
According to the SEC classification, the Company's proved
hydrocarbon reserves totaled 15.4 billion barrels of oil
equivalent, 76% of which stood for liquids.
The proved reserves replacement ratio, excluding the effect of
changes in macroeconomic factors used for reserves estimate,
totaled 93% in 2020. The Company's proved hydrocarbon reserves life
is 20 years.
As a result of geological exploration and production drilling
conducted in 2020, LUKOIL added 464 million barrels of oil
equivalent to its proved reserves. The largest contribution was
made by the assets in West Siberia, Ural region, Timan-Pechora and
Russian sector of the Caspian Sea.
Optimization of development systems and wellwork programs at
existing fields, as well as conversion of contingent resources to
reserves added 258 million barrels of oil equivalent to proved
reserves.
The reserves dynamics was negatively affected by a 34% decrease
in annual average oil price used for reserves estimate.
LUKOIL Group's Hydrocarbon Reserves
As of December 31, Liquids Gas Hydrocarbons
20 20
billion cubic million barrels
million barrels feet of oil equivalent
---------------- -------------- -------------------
Proved reserves 11,692 22,156 15,385
including:
Developed 7,597 9,977 9,260
Undeveloped 4,095 12,179 6,125
---------------- -------------- -------------------
Probable reserves 4,105 8,861 5,581
---------------- -------------- -------------------
Possible reserves 2,314 2,927 2,802
---------------- -------------- -------------------
The independent audit of proved reserves was performed by Miller
and Lents based on the commercial life-of-field approach. The
conversion ratio from cubic feet to barrels: 1 barrel = 6,000 cubic
feet.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
STRUNAORAVUUAAR
(END) Dow Jones Newswires
February 16, 2021 08:30 ET (13:30 GMT)
Pjsc Lukoil (LSE:LKOH)
Gráfica de Acción Histórica
De Feb 2024 a Mar 2024
Pjsc Lukoil (LSE:LKOH)
Gráfica de Acción Histórica
De Mar 2023 a Mar 2024