ANNUAL REPORT 2005 - Lukoil
ANNUAL REPORT 2005 - Lukoil
ANNUAL REPORT 2005 - Lukoil
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<strong>ANNUAL</strong> <strong>REPORT</strong>, <strong>2005</strong><br />
Projects of LUKOIL Group in the Caspian Region<br />
RUSSIAN FEDERATION<br />
Volgograd<br />
LUKOIL-Nizhnevolzhskneft<br />
Karachaganak<br />
Atyrau<br />
Alibekmola<br />
Kozhasai<br />
Aktyubinsk<br />
KAZAKHSTAN<br />
ASTANA<br />
Karaganda<br />
Kumkol<br />
Novorossiysk<br />
CPC<br />
Astrakhan<br />
Northern Caspian<br />
fields<br />
Arman<br />
Dostyk<br />
North<br />
Buzachi<br />
Tengiz<br />
Karakuduk<br />
D-222<br />
Shimkent<br />
Shakh Deniz<br />
Estimates of Resource Potential in the Caspian Region, billion tonnes of reference fuel<br />
Russian Industry and Energy Ministry 22<br />
US Department of Energy 27–30<br />
International Institute of Strategic Studies (London) 45<br />
LUKOIL is carrying out exploration work and production of oil & gas both on the Caspian Sea shelf and<br />
at onshore fields in the littoral states. During the last 5 years of work in the Caspian region LUKOIL<br />
has invested about $1.4 billion in development of its resource base, and more than $2 billion in acquisition<br />
of producing assets. Proved, probable and possible reserves of LUKOIL in the Caspian region at<br />
the end of <strong>2005</strong> were 8.47 billion boe (21.8% of Group reserves). Daily production in <strong>2005</strong> was<br />
178,000 boe, representing 9.2% of total production by the Group.<br />
92
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