Lukoil 1Q Total Production Rose, Boosted by Gas Output

05/13/19 11:02 AM EDT
   By Oliver Griffin 
 

Lukoil PJSC (LKOH.MZ) on Monday reported a 4.1% increase in first-quarter production excluding operations at its West Qurna-2 project, which it attributed to its gas projects in Uzbekistan.

The Russian oil-and-gas company said production rose to 2.4 million barrels of oil equivalent a day, up from 2.3 million barrels a day in the year-earlier period.

Including West Qurna-2, production rose to 21.6 million metric tons, up from 21.4 million tons in the year-earlier period. Production slipped on quarter due to external limitations on Russian companies' production volumes, Lukoil said.

Total gas production rose to 8.98 billion cubic meters, up from 8 billion cubic meters in the year-earlier period, the company said.

 

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

 

(END) Dow Jones Newswires

May 13, 2019 11:02 ET (15:02 GMT)

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