Lukoil will evaluate its project in Saudi Arabia

Lukoil will evaluate its project at block A in Saudi Arabia. In 2012, Lukoil and its partner in the project coordinated approach to evaluation of the reserves, the corresponding forecasted production levels and the joint position on the commercial and marketing issues and the ways of optimization of reserves to the project. In 2013, Lukoil met with the representatives of the Ministry of Oil and Mineral reserves of Saudi Arabia. Under the results of the meeting, the company decided to continue the work on the project and to start preparing to the first stage of evaluation of the deposit.