Lukoil and Rosneft eye divergent strategies

摘要

Russia's leading oil producers are taking different routes to prop up output. Private-sector firm Lukoil expects production from new projects to underpin growth next year. It has raised output at the 1.1bn bl Filanovsky field, in the Russian sector of the Caspian Sea, by 50pc to 66,000 b/d, after drilling a third production well. The company expects 2017 output to climb as Filanovsky plateaus at 120,000 b/d and the 507mn bl Pyakyakhinskoye field ramps up to 30,000 b/d. Further growth will come from increased production drilling at brownfield sites in west Siberia and heavy crude output in Timan-Pechora.