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    LKOH   RU0009024277

PJSC LUKOIL

(LKOH)
  Report
End-of-day quote. End-of-day quote Moscow Micex - RTS - 10/22
7206 RUB   -0.31%
10/22PJSC LUKOIL : Doc re. EGM Materials
PU
10/22PJSC LUKOIL : Russian deputy prime minister visits lukoil's production facilities in west siberia
PU
10/19Fitch Rates Lukoil Capital DAC's Notes 'BBB+'
AQ
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

PJSC LUKOIL and PJSC Gazprom Neft Create Joint Venture to Develop Large Oil and Gas Cluster in Yamal-Nenets Region

09/16/2021 | 10:15am EDT

PJSC LUKOIL and PJSC Gazprom Neft concluded an agreement on creating a joint venture to develop a major oil and gas cluster in the Nadym-Pur-Tazovsky area of the Yamal-Nenets Autonomous District. The document was signed by Vagit Alekperov, President of LUKOIL, and Alexander Dyukov, CEO of Gazprom Neft, in presence of Alexey Miller, Chairman of the Management Committee of Gazprom PJSC. The JV will be based on Meretoyakhaneftegaz LLC, a Gazprom Neft subsidiary. The Tazovskoye oil and gas condensate field, which was put on stream in June 2021, will be at heart of the new production area. The venture is also to develop the Severo-Samburgskoye and Meretoyakhinskoye fields, as well as two Zapadno-Yubileyny license blocks. These areas currently undergo additional appraisal and pilot works, on which basis a development strategy for the cluster will be developed. Total geological reserves initially in place at this new cluster stand at over 1 billion tonnes of oil and about 500 bcm of gas. A considerable proportion of the reserves initially in place lie within the Achimov formation and are categorised as hard-to-recover reserves. Meretoyakhaneftegaz is the first asset to be managed by LUKOIL and Gazprom Neft on a parity (50:50) basis. Over the next few months, the parties plan to prepare detailed binding documents on establishing the joint venture, as well to secure all necessary corporate and regulatory approvals. The companies will also look into further opportunities to expand their cooperation on several lucrative projects in their regions of operation in Russia.


© S&P Capital IQ 2021
All news about PJSC LUKOIL
10/22PJSC LUKOIL : Doc re. EGM Materials
PU
10/22PJSC LUKOIL : Russian deputy prime minister visits lukoil's production facilities in west ..
PU
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AQ
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Analyst Recommendations on PJSC LUKOIL
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Financials (USD)
Sales 2021 114 B - -
Net income 2021 9 017 M - -
Net cash 2021 1 545 M - -
P/E ratio 2021 7,73x
Yield 2021 7,98%
Capitalization 66 918 M 66 869 M -
EV / Sales 2021 0,57x
EV / Sales 2022 0,56x
Nbr of Employees 101 374
Free-Float 49,6%
Chart PJSC LUKOIL
Duration : Period :
PJSC Lukoil Technical Analysis Chart | LKOH | RU0009024277 | MarketScreener
Technical analysis trends PJSC LUKOIL
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 11
Last Close Price 102,56 $
Average target price 102,17 $
Spread / Average Target -0,37%
EPS Revisions
Managers and Directors
Vagit Yusufovich Alekperov President, Chief Executive Officer & Director
Pavel Lukoil Zhdanov Vice President-Finance
Ravil Ulfatovich Maganov Chairman
Roger Llewelyn Munnings Independent Director
Lyubov Nikolayevna Khoba Director
Sector and Competitors
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PUBLIC JOINT STOCK COMPANY GAZPROM68.46%120 481