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24.11.2010 Preliminary Operating Results

24.11.2010 
Preliminary Operating Results  

LUKOIL DAILY HYDROCARBON PRODUCTION INCREASED BY 1.6% IN NINE MONTHS OF 2010
 
LUKOIL Group total hydrocarbon production available for sale reached 2,249 th. boe per day in nine months of 2010, which is a 1.6% increase y-o-y.
Crude oil production by LUKOIL Group in nine months of 2010 totalled 72.27 mln tons. Natural and petroleum gas output of LUKOIL Group available for sale was 13.80 bcm (grew by 26.1% y-o-y) of which output as part of international projects totalled 3.65 bcm and output in Russia was 10.15 bcm. Increase in Group hydrocarbon production was due to a larger amount of gas sales to Gazprom and hydrocarbon production growth in international projects.
Throughputs at the Company’s refineries (including its share in throughput at ISAB and TRN refining complexes) increased by 6.7% y-o-y in nine months of 2010 and reached 49.70 mln tons. Throughputs at the Company’s refineries in Russia increased by 1.1% y-o-y, throughputs at the Company’s international refineries grew by 21.4% y-o-y.

Hydrocarbon production available for sale, th. boe per day

 9M 20109M 2009Change
Hydrocarbon production, th. boe per day2,2492,214  +1.6%
 Crude oil output, th. bpd*1,9521,978-1.3%
Natural and petroleum gas output available for sale, th. boe per day**297236+25.8%

 

Crude oil output, th. tons

 9M 20109M 2009Change
LUKOIL Group output:72,27073,278-1.4%
Including      
Subsidiary companies69,95371,414-2.0%
Share in affiliated companies2,3171,864+24.3%
       
 Russia:67,65069,016-2.0%
Including      
Subsidiary companies67,40168,789-2.0%
Share in affiliated companies249227+9.7%
       
 International projects:4,6204,262+8.4%
Including      
Subsidiary companies2,5522,625-2.8%
Share in affiliated companies2,0681,637+26.3%
LUKOIL Group output,
th. bpd*		1,9521,978-1.3%

 *   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 cubic meters = 5.885 boe.


Gas output available for sale, mcm

 9M 20109M 2009Change
  LUKOIL Group output:13,78910,937+26.1%
Including      
Subsidiary companies13,31210,706+24.3%
Share in affiliated companies477231+106.5%
       
 Russia:10,1467,536+34.6%
Including      
Subsidiary companies10,1207,516+34.6%
Share in affiliated companies2620+30.0%
       
 International projects:3,6433,402+7.1%
Including      
Subsidiary companies3,1923,1910.0%
Share in affiliated companies451211+113.7%
LUKOIL Group output,
th. boe per day*		297236+25.8%

*   Conversion ratio from cubic meters to barrels of oil equivalent is 1,000 cubic meters = 5.885 boe.
 

Refinery throughputs, th. tons

 9M 20109M 2009Change
 Owned refineries**
49,68646,551+6.7%
   Russia33,93633,581+1.1%
   International15,75012,970+21.4%
 Third-party refineries542,811-98.1%

 ** Including mini-refineries and the Company's share in ISAB and TRN refining complexes.
 

The information is based on preliminary operating data for 9 months of 2010 which may be adjusted and corrected during preparation of LUKOIL financial accounts for nine months of 2010. So the figures in this press-release may differ from the operating statistics which will be published together with the financial accounts.


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