LUKOIL completed the construction and commissioned the third well at the second development stage of the Vladimir Filanovsky field in the Caspian Sea.

This is a bilateral horizontal oil producing well. The length of the main wellbore is 3,795 meters while the lateral is 3,762 meters long. Well's initial flow rate exceeded 3.2 thousand tonnes of oil per day. The field's average daily production reached its plateau level post the launch of this well.

In total the construction of eight wells is planned at the field's second development stage including six producing and two injection wells to maintain the plateau oil production level of 6 million tonnes per year. Earlier this year, one production and one injection well had already been launched.

The construction of wellhead platform currently undergoes at the Astrakhan shipyards as part of the field's third development stage.

About LUKOIL

PJSC “LUKOIL” is one of the largest publicly traded, vertically integrated oil and gas companies in the world in terms of proved hydrocarbon reserves and production; and the second largest producer of crude oil in Russia. Established in 1991, the Company currently operates in more than 30 countries with core upstream assets located in Russia. The full production cycle includes oil and gas exploration, production and refining; production of petrochemicals and lubricants; power generation; marketing and distribution providing LUKOIL with maximum synergies from its activities. The Company’s shares are listed in Russia on Moscow Exchange under the ticker “LKOH” and depositary receipts are listed on the London Stock Exchange under the ticker “LKOD”.