Uzbekistan Boosts Lukoil's Gas
Russia's largest privately held oil producer Lukoil produced 4% more oil and gas last year, excluding the Iraqi West Qurna-2 field, it said February 4. The increase was mainly driven by the development of gas projects in Uzbekistan in the latter part of the year.
Gas production (mn m3)
| 4Q 2018 | 3Q 2018 | 2018 | 2017 | |
|---|---|---|---|---|
| 8,905 | 8,512 | Total | 33,543 | 28,861 |
| 4,405 | 4,447 | Russia | 17,804 | 18,176 |
| 4,385 | 4,423 | Subsidiaries | 17,712 | 18,080 |
| 20 | 24 | Share in affiliates | 92 | 96 |
| 4,500 | 4,065 | Outside Russia | 15,739 | 10,685 |
| 4,341 | 3,919 | Subsidiaries | 15,096 | 9,885 |
| 159 | 146 | Share in affiliates | 643 | 800 |
In 2018 Lukoil produced 33.5bn m3, which was 16% higher year-on-year. In the fourth quarter of 2018 gas production was 8.9bn m3 or up 5% quarter-on-quarter.
The main driver of gas production growth was the development of projects in Uzbekistan. As a result of the launch of new gas treatment facilities, the Group's share in production at Kandym and Gissar projects in 2018 rose to 13.4bn m3. That was 67% higher year-on-year.