LUKOIL Overseas opens oil deposit in Egypt
LUKOIL Overseas has found out the presence of commercial stocks of hydrocarbons on the "Gavakher" structure. The tocks are found out in the result of drilling of the search-estimated chink on block "Meleya" (Egypt), it spoken about in report of LUKOIL Overseas.
As a result of tests the inflow of waterless oil by an average debit of 1 thousand barrels a day is received. It is expected, that the oil recovery on this site will make nearby 1.5 thousand barrels a day.
The first commodity oil has already joined to realization.
The agreement of the production section on block "Meleya" has come into force in August, 1978. In April, 2007 the prolongation of the agreement till 2024 has come into force ratified by the parliament of Egypt. The participants of the agreement of the production section are IEOC Production (affiliated company ENI) with 56% of shares, "LUKOIL Overseas" (24%) and International Finance Corporation (IFC) with 20% of shares. The operator of the project is the Agiba Petroleum Company, the joint venture of the state company Egyptian General Petroleum Corporation (EGPC), IEOC and IFC.
For 30 years of operation it is extracted from above 17mln tons of oil on the block. The fund of operational chinks makes 141 units. The extraction in 2006 has made 800 thousand tons of oil.
The Open Society "LUKOIL" is the second on volumes of the oil recovery company in the Russian Federation. It's proved stocks for January, 1st, 2007 have made 20.36mlrd barrels of the oil equivalent, including 15.93mlrd barrels of oil and 26.6trln m? of gas. In 2006 the oil recovery has increased up 5.6% to 95.2mln tons, the volume of processing - up 3% to 48.95mln tons. The extraction of commodity gas has made 13.612mlrd m? that is on 141.6% more, than in 2005.
The net profit on US GAAP in 2006 has grown up 16.2% to $7.484mlrd, the proceeds - up 21.2% to $68.109 billion, EBITDA - up 18.2% to $12.299 billion
The authorized capital of LUKOIL is equal 21264081.375 rbl. There are 850563255 ordinary shares face value of 0.025 rbl are there in the circulation. The largest share holding of the Company is supervised by its management. In particular, the president of "LUKOIL" Vagit Alekperov supervised 16.899% of shares of the oil company on a condition of April. The vice-president of LUKOIL Leonid Fedun directly and indirectly was the holder of 8.3% of shares of the company. American ConocoPhillips consolidated the second-largest share holding - 20% on the end of 2006.
LUKOIL takes the second place in the "Leading enterprises of Russia" rating on the results of 2005, presented by the rating agency AK&M in September, 2006.
As a result of tests the inflow of waterless oil by an average debit of 1 thousand barrels a day is received. It is expected, that the oil recovery on this site will make nearby 1.5 thousand barrels a day.
The first commodity oil has already joined to realization.
The agreement of the production section on block "Meleya" has come into force in August, 1978. In April, 2007 the prolongation of the agreement till 2024 has come into force ratified by the parliament of Egypt. The participants of the agreement of the production section are IEOC Production (affiliated company ENI) with 56% of shares, "LUKOIL Overseas" (24%) and International Finance Corporation (IFC) with 20% of shares. The operator of the project is the Agiba Petroleum Company, the joint venture of the state company Egyptian General Petroleum Corporation (EGPC), IEOC and IFC.
For 30 years of operation it is extracted from above 17mln tons of oil on the block. The fund of operational chinks makes 141 units. The extraction in 2006 has made 800 thousand tons of oil.
The Open Society "LUKOIL" is the second on volumes of the oil recovery company in the Russian Federation. It's proved stocks for January, 1st, 2007 have made 20.36mlrd barrels of the oil equivalent, including 15.93mlrd barrels of oil and 26.6trln m? of gas. In 2006 the oil recovery has increased up 5.6% to 95.2mln tons, the volume of processing - up 3% to 48.95mln tons. The extraction of commodity gas has made 13.612mlrd m? that is on 141.6% more, than in 2005.
The net profit on US GAAP in 2006 has grown up 16.2% to $7.484mlrd, the proceeds - up 21.2% to $68.109 billion, EBITDA - up 18.2% to $12.299 billion
The authorized capital of LUKOIL is equal 21264081.375 rbl. There are 850563255 ordinary shares face value of 0.025 rbl are there in the circulation. The largest share holding of the Company is supervised by its management. In particular, the president of "LUKOIL" Vagit Alekperov supervised 16.899% of shares of the oil company on a condition of April. The vice-president of LUKOIL Leonid Fedun directly and indirectly was the holder of 8.3% of shares of the company. American ConocoPhillips consolidated the second-largest share holding - 20% on the end of 2006.
LUKOIL takes the second place in the "Leading enterprises of Russia" rating on the results of 2005, presented by the rating agency AK&M in September, 2006.
