Lukoil gains oil fields

Russian oil giant Lukoil has expanded its oil and gas reserves after discovering one new oil and gas field and acquiring another.

Filanovsky field, discovered in the Caspian Sea, holds reserves of 600 million barrels of oil and 1.2 trillion cubic feet of gas, according to Lukoil.

The oil is a low-sulphur, ultra-light crude, which Lukoil expects to trade at a $1.50/bbl discount compared to Brent crude.

Lukoil has also acquired Primorieneftegaz, including rights to drill in an undeveloped field i

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: