LUKOIL has reached another milestone with three million tonnes of oil produced at Vladimir Filanovsky field in the Caspian Sea.

As of today, the company has completed six wells and is drilling the seventh one. The average daily production exceeded 14 thousand tonnes of oil last June.

As part of Phase 2 construction and assembly operations, LUKOIL has completed installation in the target area of the topside of the fixed ice-resistant platform and of the accommodation topside.

It is expected that the Phase 2 construction and assembly operations will have been completed until the end of 2017.

About Vladimir Filanovsky field

Vladimir Filanovsky field was put in operation in 2016. Its initial recoverable reserves equal 129 million tonnes of oil and 30 billion cubic meters of gas. The annual production rate at plateau phase is 6 million tonnes of oil.

All the offshore facilities installed at LUKOIL’s Caspian fields have been manufactured by Russian shipyards.

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”.