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MarketScreener Homepage  >  Equities  >  Moscow Micex - RTS  >  LUKOIL    LKOH   RU0009024277

LUKOIL

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LUKOIL : TESTS NEW WELL COMPLETION TECHNIQUE AFTER FRAC JOB

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07/09/2020 | 05:38am EDT
LUKOIL TESTS NEW WELL COMPLETION TECHNIQUE AFTER FRAC JOB

Thursday, July 9, 2020

LUKOIL has successfully tested an open hole technology at its fields in the Komi Republic and West Siberia.

The new method has been tested at Vozeyskoe, Usinskoye, Kyrtaelskoye, Potochnoye and Povkhovskoye fields, where hydraulic fracturing is used to stabilize hydrocarbons production and stimulate wells.

Equipment used for the open hole technology allows recovery of the well bottom after hydraulic fracturing, destructing proppant plugs while avoiding circulation in low pressure wells. The technology, providing for minimum negative impact of drive fluid on bottom hole zone, helps retrieve destructed particles.

Another advantage of the technology is that it reduces both the working time of well workover crews and costs of well recovery and bottom hole cleaning. Moreover, the open hole technique allows early commissioning after the workover.

The technology will be used at some other fields of the company in Western Siberia and Timan-Pechora province.

  • Press release in PDF
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Press Centre PJSC 'LUKOIL'

media@lukoil.com

+7 (495) 627-16-77

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OAO Lukoil published this content on 09 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 July 2020 09:37:02 UTC

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Sales 2020 73 752 M - -
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P/E ratio 2020 15,2x
Yield 2020 8,73%
Capitalization 44 685 M 44 658 M -
EV / Sales 2020 0,64x
EV / Sales 2021 0,52x
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Free-Float 81,9%
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Average target price 89,85 $
Last Close Price 68,48 $
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NameTitle
Vagit Yusufovich Alekperov President, Chief Executive Officer & Director
Ravil Ulfatovich Maganov Chairman
Pavel Lukoil Zhdanov Vice President-Finance
Lyubov Nikolayevna Khoba Director, Chief Accountant & Vice President
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