LUKOIL has commissioned a steam generation farm at Yarega field of highly viscous oil in the Republic of Komi. The facility is to build up production as part of Yarega area Phase 2 development.

The farm, including five boilers with the total capacity of 125 metric tonnes of steam an hour, produces steam vapor under higher pressure than that produced by the boiler room operated earlier. The higher pressure provides better efficiency of the reservoir heat-up and increases the wells' flow rates.

The company also works to expand the capacities of the Center and North steam-generation farms at Yarega.

About Yarega oil field

Yarega, LUKOIL Group’s largest high-viscosity oilfield, includes two main producing areas: Yarega area, where thermoshaft technique is used to produce oil, and Lyayel area, where oil is extracted through steam-assisted gravity drainage.
As of the first half of 2018, oil production at the field grew by 77%, as compared with the same period of the previous year, reaching the amount of 761 thousand metric tonnes.

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”.