ANNUAL REPORT 2005 - Lukoil
ANNUAL REPORT 2005 - Lukoil
ANNUAL REPORT 2005 - Lukoil
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FINANCIAL ACCOUNTS<br />
OAO LUKOIL<br />
Supplementary Information on Oil and Gas Exploration and Production Activities (Unaudited)<br />
(Millions of US dollars, except as indicated)<br />
This section provides unaudited supplemental information on oil and gas exploration and production activities in accordance<br />
with SFAS No. 69, "Disclosures About Oil and Gas Producing Activities" in six separate tables:<br />
I. Capitalized costs relating to oil and gas producing activities<br />
II. Costs incurred in oil and gas property acquisition, exploration, and development activities<br />
III. Results of operations for oil and gas producing activities<br />
IV. Reserve quantity information<br />
V. Standardized measure of discounted future net cash flows<br />
VI. Principal sources of changes in the standardized measure of discounted future net cash flows<br />
Amounts shown for equity companies represent the Group's share in its exploration and production affiliates, which are<br />
accounted for using the equity method of accounting.<br />
I. Capitalized costs relating to oil and gas producing activities<br />
As of December 31, <strong>2005</strong> International Russia<br />
Total<br />
consolidated<br />
companies<br />
Group's share<br />
in equity<br />
companies<br />
Total<br />
Unproved oil and gas properties 196 531 727 17 744<br />
Proved oil and gas properties 4,331 26,785 31,116 782 31,898<br />
Accumulated depreciation, depletion,<br />
and amortization (377) (12,672) (13,049) (173) (13,222)<br />
Capitalized cost related to asset<br />
retirement obligation - 166 166 4 170<br />
Accumulated depreciation of capitalized<br />
cost related to asset retirement obligation - (19) (19) - (19)<br />
Net capitalized costs 4 ,150 14,791 18,941 630 19,571<br />
As of December 31, 2004 International Russia<br />
Total<br />
consolidated<br />
companies<br />
Group's share<br />
in equity<br />
companies<br />
Total<br />
Unproved oil and gas properties 202 666 868 23 891<br />
Proved oil and gas properties 1,256 23,922 25,178 735 25,913<br />
Accumulated depreciation, depletion,<br />
and amortization (154) (12,154) (12,308) (174) (12,482)<br />
Capitalized cost related to asset<br />
retirement obligation 1 70 71 1 72<br />
Accumulated depreciation of capitalized<br />
cost related to asset retirement obligation - (7) (7) - (7)<br />
Net capitalized costs 1,305 12,497 13,802 585 14,387<br />
166
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