Lukoil 3Q Production Fell 0.7% on Quarter
November 11 2019 - 4:48AM
Dow Jones News
By Adria Calatayud
Lukoil PJSC (LKOH.MZ) said Monday that third-quarter hydrocarbon
production, excluding contributions from its West Qurna-2 project,
fell 0.7% on quarter, as gas output declined.
The Russian oil and gas company said production averaged 2.31
million barrels of oil equivalent a day for the three months to
Sept. 30 compared with 2.32 million barrels a day in the second
quarter.
Total oil production for the quarter rose to 21.6 million metric
tons in the third quarter from 21.4 million in the second quarter,
Lukoil said. Gas production for the quarter fell to 8.26 billion
cubic meters from 8.38 billion in the previous quarter, the company
said.
For the first nine months of the year, average production
excluding West Qurna-2 was 1.6% higher at 2.34 million barrels of
oil a day, driven by the development of gas projects in Uzbekistan
as well as oil production growth in Russia, Lukoil said.
Write to Adria Calatayud at
adria.calatayudvaello@dowjones.com
(END) Dow Jones Newswires
November 11, 2019 04:33 ET (09:33 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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