PJSC Lukoil (USOTC:LUKOY)
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6 Months : From Jul 2019 to Jan 2020
By Oliver Griffin
Lukoil PJSC (LKOH.MZ) on Monday said second-quarter production, excluding contributions from the West Qurna-2 project, fell 2.3% on quarter, following external limitations on oil output by Russian companies.
The Russian oil-and-gas company said production averaged 2.32 million barrels of oil equivalent a day, compared with 2.38 million barrels in the first quarter of the year.
For the first half of the year, total production excluding West Qurna-2, rose 2.8% to 2.35 million barrels of oil equivalent a day. The increase was mainly driven by the development of gas projects in Uzbekistan and domestic oil production growth, the company said.
Total oil production including West Qurna-2 rose on quarter to 21.8 million metric tons, Lukoil said. Second-quarter gas production fell 6.7% to 8.38 billion cubic meters, Lukoil said. The fall was attributed to seasonality, scheduled maintenance works and technical reasons.
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(END) Dow Jones Newswires
August 12, 2019 05:04 ET (09:04 GMT)
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