ANNUAL REPORT 2005 - Lukoil

As of December 31, 2003 International Russia
Total
consolidated
companies
Group's share
in equity
companies
Unproved oil and gas properties 127 508 635 23 658
Proved oil and gas properties 906 22,730 23,636 680 24,316
Accumulated depreciation, depletion,
and amortization (71) (12,071) (12,142) (103) (12,245)
Capitalized cost related to asset
retirement obligation 2 36 38 1 39
Accumulated depreciation of capitalized
cost related to asset retirement obligation - (5) (5) - (5)
Total
CONSOLIDATED FINANCIAL STATEMENTS
Net capitalized costs 964 11,198 12,162 601 12,763
II. Costs incurred in oil and gas property acquisition, exploration, and development activities
Year ended December 31, 2005 International Russia
Total
consolidated
companies
Group's share
in equity
companies
Acquisition of properties – proved 1,726 183 1,909 80 1,989
Acquisition of properties – unproved 690 370 1,060 100 1,160
Exploration costs 171 252 423 3 426
Development costs 260 2,235 2,495 124 2,619
Total costs incurred 2,847 3,040 5,887 307 6,194
Total
Year ended December 31, 2004 International Russia
Total
consolidated
companies
Group's share
in equity
companies
Acquisition of properties – proved 224 16 240 - 240
Acquisition of properties – unproved 22 49 71 - 71
Exploration costs 81 225 306 3 309
Development costs 108 1,875 1,983 117 2,100
Total costs incurred 435 2,165 2,600 120 2,720
Total
Year ended December 31, 2003 International Russia
Total
consolidated
companies
Group's share
in equity
companies
Acquisition of properties – proved - 485 485 2 487
Acquisition of properties – unproved 2 311 313 1 314
Exploration costs 121 135 256 3 259
Development costs 128 1,400 1,528 249 1,777
Total costs incurred 251 2,331 2,582 255 2,837
Total
$21 million relating to the cumulative effect of the adoption of SFAS No.143 is excluded from costs incurred in 2003.
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