Lukoil provides growth in oil reserves due to geological exploration in the amount of only 86% of its production
Edited by Rhod Mackenzie / 2015-04-02 03:17:42
Lukoil provides the growth of oil reserves through exploration in the amount of only 86% of the production, the company's vice president Ilya Mandrik reported. "We produce about 100 million tons, and the compensation (due to geological exploration) is not complete -it is 85-86% for liquid hydrocarbons, it is necessary to compensate it by acquisition of new existing (assets)," - said Mandrik.
