LUKOIL plans to spend $48 billion in investment projects in 2012-2014, including $13.9 billion in 2012, the company’s press service says.
The LUKOIL Board passed a plan for sustainable extraction for a decade. Realization of major projects will start at the Western Kuran-2 in Iraq, the Filantovskoye Field on the Caspian Sea, the Pyakyakhinskoye Field in Siberia, the Kandym Field Group in Uzbekistan and other regions. The mid-term plan was developed with account of the Brent oil price of $96.2 per barrel in 2012 and $108.6 per barrel in 2014.
381 projects were realized within the framework of tests and implementation of new technologies in 2009, 625 in 2010, 1081 in 2011. The company plans to realize 1227 projects in 2012. Technical achievements in 2011 create forecasts for development of additional oil receives of 3.6 billion barrels in 2012-2021.
