ANNUAL REPORT 2005 - Lukoil

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LUKOIL IN THE CASPIAN REGION In 2005 LUKOIL marked the 10th anniversary of its business in the Caspian region. In that time LUKOIL has achieved major successes and built a strong strategic position in one of the world's most promising oil & gas regions, importance of which for the global economy will steadily grow. Fields on the Caspian Sea shelf and adjacent fields on land territory of the littoral states are very rich in hydrocarbon reserves. Expert estimates put potential hydrocarbon reserves in the Caspian region between 20 and 45 billion tonnes of reference fuel. The region currently accounts for 3.4% of global hydrocarbon production and the share will grow steadily as new projects come on stream. The Caspian is conveniently located to supply its hydrocarbons both to Europe and to the Asia-Pacific and US markets. Ongoing development of transport infrastructure in the region helps to increase its significance for the world hydrocarbon market. Nearly all of the major international oil companies (ExxonMobil, ВР, ConocoPhillips, Chevron, Shell, Norsk Hydro, Total, ENI, etc.) are working along with LUKOIL in the Caspian region. 90
ANNUAL REPORT, 2005 Projects of LUKOIL Group in the Caspian Region RUSSIAN FEDERATION Volgograd LUKOIL-Nizhnevolzhskneft Karachaganak Atyrau Alibekmola Kozhasai Aktyubinsk KAZAKHSTAN ASTANA Karaganda Kumkol Novorossiysk CPC Astrakhan Northern Caspian fields Arman Dostyk North Buzachi Tengiz Karakuduk D-222 Shimkent Shakh Deniz Estimates of Resource Potential in the Caspian Region, billion tonnes of reference fuel Russian Industry and Energy Ministry 22 US Department of Energy 27–30 International Institute of Strategic Studies (London) 45 LUKOIL is carrying out exploration work and production of oil & gas both on the Caspian Sea shelf and at onshore fields in the littoral states. During the last 5 years of work in the Caspian region LUKOIL has invested about $1.4 billion in development of its resource base, and more than $2 billion in acquisition of producing assets. Proved, probable and possible reserves of LUKOIL in the Caspian region at the end of 2005 were 8.47 billion boe (21.8% of Group reserves). Daily production in 2005 was 178,000 boe, representing 9.2% of total production by the Group. 92
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ANNUAL REPORT 2005
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ANNUAL REPORT, 2005 ADDRESS TO SHAR
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ANNUAL REPORT, 2005 LUKOIL signific
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LUKOIL IS ONE OF THE MAJOR INTERNAT
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The Company buys 15 filling station
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August The first stage of a coke ca
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LUKOIL completes eradication of the
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289 filling stations and 132 diesel
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ANNUAL REPORT, 2005 LUKOIL is reali
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ANNUAL REPORT, 2005 GEOLOGICAL EXPL
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ANNUAL REPORT, 2005 Russia Total ex
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ANNUAL REPORT, 2005 Western Siberia
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ANNUAL REPORT, 2005 In 2005 LUKOIL
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ANNUAL REPORT, 2005 Distribution of
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ANNUAL REPORT, 2005 LICENSING The C
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Page 33 and 34: ANNUAL REPORT, 2005 Creation of the
Page 35 and 36: ANNUAL REPORT, 2005 Gas Production
Page 37 and 38: KAZAKHSTAN Kumkol 50% LUKOIL INTERN
Page 39 and 40: ANNUAL REPORT, 2005 Main oil export
Page 41 and 42: 47.6 REFINING, PETROCHEMICALS AND M
Page 43 and 44: Russia Growth of export duties in 2
Page 45 and 46: The catalytic reforming unit was ov
Page 47 and 48: GAS PROCESSING The Company's gas-pr
Page 49 and 50: up to 200,000 tonnes of caustic sod
Page 51 and 52: LUKOIL bought share stakes in 2005,
Page 53 and 54: Trading with third parties LITASCO
Page 55 and 56: ANNUAL REPORT, 2005 Effect from EOR
Page 57 and 58: TRADE BALANCE OF LUKOIL SUBSIDIARIE
Page 59 and 60: ANNUAL REPORT, 2005 Work by LUKOIL
Page 61 and 62: ANNUAL REPORT, 2005 management of t
Page 63 and 64: ANNUAL REPORT, 2005 as investments
Page 65 and 66: ANNUAL REPORT, 2005 AA 1000 standar
Page 67 and 68: ANNUAL REPORT, 2005 took part in cr
Page 69 and 70: CORPORATE GOVERNANCE The Company vi
Page 71 and 72: THE MARKET FOR COMPANY SECURITIES R
Page 73 and 74: than in the first quarter of the ye
Page 75 and 76: Alexander Shokhin Independent Direc
Page 77 and 78: Vagit Sharifov Vice-President, Head
Page 79 and 80: The general meeting of shareholders
Page 81: the Group's organizations and struc
Page 85 and 86: ANNUAL REPORT, 2005 Fields and lice
Page 87 and 88: ANNUAL REPORT, 2005 erves were not
Page 89 and 90: ANNUAL REPORT, 2005 The company's r
Page 91 and 92: FINANCIAL ACCOUNTS MANAGEMENT'S DIS
Page 93 and 94: FINANCIAL ACCOUNTS Strategic Partne
Page 95 and 96: FINANCIAL ACCOUNTS The table below
Page 97 and 98: FINANCIAL ACCOUNTS The mineral extr
Page 99 and 100: FINANCIAL ACCOUNTS lack refining ca
Page 101 and 102: FINANCIAL ACCOUNTS YEAR ENDED DECEM
Page 103 and 104: FINANCIAL ACCOUNTS 2005 2004 Realiz
Page 105 and 106: FINANCIAL ACCOUNTS Operating expens
Page 107 and 108: FINANCIAL ACCOUNTS Excise and expor
Page 109 and 110: FINANCIAL ACCOUNTS YEAR ENDED DECEM
Page 111 and 112: FINANCIAL ACCOUNTS Sales revenue Sa
Page 113 and 114: FINANCIAL ACCOUNTS Wholesale of ref
Page 115 and 116: FINANCIAL ACCOUNTS The increase in
Page 117 and 118: FINANCIAL ACCOUNTS Analysis of capi
Page 119 and 120: FINANCIAL ACCOUNTS GUARANTEES, OFF-
Page 121 and 122: FINANCIAL ACCOUNTS ing filed by the
Page 123 and 124: FINANCIAL ACCOUNTS CRITICAL ACCOUNT
Page 125 and 126: FINANCIAL ACCOUNTS CONSOLIDATED FIN
Page 127 and 128: FINANCIAL ACCOUNTS OAO LUKOIL Conso
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Page 131 and 132: FINANCIAL ACCOUNTS OAO LUKOIL Notes
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FINANCIAL ACCOUNTS Property, plant
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FINANCIAL ACCOUNTS found a sufficie
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FINANCIAL ACCOUNTS Investments in "
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FINANCIAL ACCOUNTS members of the G
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FINANCIAL ACCOUNTS Russian ruble bo
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FINANCIAL ACCOUNTS The following ta
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FINANCIAL ACCOUNTS The real returns
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FINANCIAL ACCOUNTS The Company's ne
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FINANCIAL ACCOUNTS In January 2005,
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FINANCIAL ACCOUNTS Environmental li
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FINANCIAL ACCOUNTS NOTE 22. COMPENS
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FINANCIAL ACCOUNTS Geographical seg
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FINANCIAL ACCOUNTS OAO LUKOIL Suppl
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FINANCIAL ACCOUNTS III. Results of
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FINANCIAL ACCOUNTS Estimated net pr
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FINANCIAL ACCOUNTS develop and prod
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FINANCIAL ACCOUNTS Group's share in
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FINANCIAL ACCOUNTS and the Governme
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FINANCIAL ACCOUNTS A corporate hold
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ANNUAL REPORT, 2005 REFERENCE INFOR
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ANNUAL REPORT 2005 - Lukoil

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