2017 at a glance | 341 (December 2017)

January MEXICO Renaissance Oil becomes LUKOIL’s partner on the Amatitlan project in Mexico after buying a 25% share.

2017-12-29 16:10 Views 302

2017 at a glance

January

MEXICO

Renaissance Oil becomes LUKOIL’s partner on the Amatitlan project in Mexico after buying a 25% share. Renaissance Oil’s main goal is to utilize new technology to increase oil production at the existing field and commercialize shale therein.

February

IRAQ

LUKOIL completes 3D seismic exploration of a 450 square kilometer area at the West Qurna-2 project in Iraq, thereby fully meeting its contractual obligations.

2017 at a glanceMarch

IRAQ

LUKOIL completes 3D seismic exploration of a 450 square kilometer area at the West Qurna-2 project in Iraq, thereby fully meeting its contractual obligations.

July

UZBEKISTAN

LUKOIL launches operation of key production facilities at its Southwest Gissar project in Uzbekistan, including the Dzhakurduk Complex Gas Treatment Unit, Adamtash Preliminary Gas Processing Terminal and six gas-gathering units.

2017 at a glanceAugust

MOSCOW

LUKOIL President Vagit Alekperov and Iraqi Oil Minister Jabbar al-Lueibi agree to increase daily oil production at the West Qurna-2 project to 800 thousand barrels by 2024 at a meeting in Moscow.

September

GHANA

A special chamber of the International Tribunal for the Law of the Sea establishes a maritime border between Ghana and Cote d’Ivoire (taking the side of the former). This allows LUKOIL and Hess to continue offshore work at the Tano project, the western part of which forms the border between the two countries.

MEXICO

Block 12 in the Sureste Basin offshore Campeche, Mexico. In 2019 the company is to drill its first exploratory well offshore Mexico.

November

IRAQ

2017 at a glance

LUKOIL signs a contract to conduct seismic exploration at Block 10 with Iraq’s Oil Exploration Company. The work will be conducted at the Eridu oil reservoir as well as the previously unexplored southern and central parts of Block 10.

UZBEKISTAN

LUKOIL brings the first parts of the Kandym Gas Processing Plant online in Uzbekistan.

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