Lukoil boosts average daily oil production 4.5% in H1 to 1.9 mln boe
MOSCOW. Aug 29 (Interfax) - Russian oil giant Lukoil boosted average daily oil production 4.5% in the first half of 2014 to 1.9 million barrels of oil equivalent (boe) per day, the company said in a report.
"Commercial hydrocarbon production by Lukoil Group over the first six months of 2014 rose by 3.2% as compared to the similar period of 2013 thus totaling 410 million BOE. The liquid hydrocarbon production grew by 4.5% up to 352 million barrels," the report says.
Lukoil boosted oil production in Russia 1.3% to 314 million barrels. Oil production abroad totaled 31 million barrels, reflecting the start of production at West Qurna-2 in Iraq.
Commercial gas production amounted to 9.8 billion cubic meters.
The associated petroleum gas utilization rate rose 1.5 percentage points to 89.2%.
Five oil fields were discovered in the course of geological exploration work: Svetloozerskoye, Razdolnoye, Kulikovskoye and Novokrasinskoye in the Volga region; and Yuzhno-Bayandyskoye in Komi.
Oil refining, including mini-refineries and the stake in the Zeeland project, rose 0.8% to 32.26 million tonnes, including 22.52 million tonnes at Russian refineries.
Commercial hydrocarbon production in Q2 2014 was 2.313 million boe per day, 5.5% more than in Q2 2013. Liquid hydrocarbon production in the quarter totaled 2 million barrels per day, 7.2% more year-on-year.
