LUKOIL Tuesday, January 12, 2021
LUKOIL Board of Directors held a meeting today in Moscow to summarize the Company's preliminary results for 2020 and set priorities for 2021 under the Strategic Development Programme.
It was noted at the meeting that amidst the adverse conditions of the COVID-19 pandemic, a decrease in global hydrocarbons demand and prices and external production limitations the Company maintained its high financial resilience and continued to develop its priority projects in line with the plans.
Among the key priorities for 2021 the Board determined attaining of key indicators, sustaining business efficiency and flexibility to ensure high resilience, enhancing the governance system and maintaining investment discipline. The Company will also continue to work on further development of the carbon management system and will update its long-term strategy.
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LUKOIL started pilot production at Khalmerpayutinskoye gas condensate field of the Bolshekhetskaya depression in Yamal-Nenets Autonomous District. The company has set up well pad at the field and drilled two wells with daily flow rates of 395 thousand cubic meters of natural gas and 31 tonnes of condensate.
LUKOIL has stepped up in the CDP (Carbon Disclosure Project) international climate change rating by one notch and entered the C List, which resulted from developing the Company's carbon management system.
LUKOIL Board of Directors held a meeting in Moscow today. The Board approved the Human Capital Management Policy, which is aimed at further perfecting the corporate culture, enhancing the system of corporate values and developing an efficient talent management system.
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OAO Lukoil published this content on 12 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 January 2021 13:49:01 UTC
