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MarketScreener Homepage  >  Equities  >  MOSCOW INTERBANK CURRENCY EXCHANGE  >  NK Lukoil PAO    LKOH   RU0009024277

NK LUKOIL PAO

(LKOH)
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NK Lukoil : LUKOIL Begins Drilling New Production Wells at West Qurna-2

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02/11/2019 | 12:06pm EST

LUKOIL commenced drilling of new production wells at West Qurna-2 field as part of the second development phase. The company has so far concluded contracts to drill 57 production wells, including 54 wells at Mishrif formation and 3 wells at Yamama formation. The drilling campaign will ramp up production at West Qurna-2 from the current level of 400 thousand barrels per day to 480 thousand barrels per day in 2020.

To deliver the project LUKOIL uses an approach to cluster drilling which envisages erection of two drilling rigs at one well pad. This approach is new for Iraq and will provide for significant field development speed up and production growth within the shortest time.

Over five hundred Iraqis, residing in proximity to West Qurna-2 field, will be employed for the drilling campaign.

(c) 2019 Universal Solutions S.A.E. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2018 120 B
EBIT 2018 11 797 M
Net income 2018 8 995 M
Finance 2018 3 342 M
Yield 2018 4,38%
P/E ratio 2018 6,48
P/E ratio 2019 7,80
EV / Sales 2018 0,49x
EV / Sales 2019 0,53x
Capitalization 62 205 M
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 10
Average target price 88,8 $
Spread / Average Target 7,1%
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Managers
NameTitle
Vagit Yusufovich Alekperov President, Chief Executive Officer & Director
Valery Isaakovich Grayfer Chairman
Ravil Ulfatovich Maganov Vice Chairman & First Executive Vice President
Lyubov Nikolayevna Khoba Director, Chief Accountant & Vice President
Victor Vladimirovich Blazheev Director
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