Lukoil cannot replace oil equipment that has fallen under sanctions

In connection with the sanctions against Russia, Lukoil cannot purchase equipment for oil production using multi -zone hydraulic fracturing technology (MGRP). About the quarterly report of the company, reports Interfax.

"The equipment used today by the MGRP on the company's projects does not have analogues manufactured by enterprises of the Russian Federation or China," the document says. In this regard, Lukoil sees the risks of restrictions in the development of deposits with hard -to -recover hydrocarbons.

Lukoil planned to create a joint venture with the French Total to develop the Bazhenovsky retinue deposits in Western Siberia. It concentrates most of the shale oil of Russia. It was assumed that for two years companies have invested $ 120-150 million in exploration.

On October 3, the Anglo-Holland company Shell, due to sanctions, suspended cooperation with the Russian oil company Gazprom Neft as part of the joint venture of the Khanty-Mansi Oil Union. The joint venture was also going to engage in the extraction of hard -to -recover oil at the deposits of the Bazhenov retinue.

On September 29, it was reported that the American oil giant Exxonmobil turned 9 out of 10 joint projects with Rosneft because of the sanctions imposed against Russia. "An agreement on strategic cooperation between Exxonmobil and Rosneft provides for the implementation of 10 joint projects, including reconnaissance and potential mining on the Black Sea shelf, in the Arctic and Western Siberia. Exxonmobil turned the work of 9 out of 10 joint projects for the established deadline," said the representative of the Alan Alan's press service Jeffers.

On September 12, the United States and the European Union imposed new sanctions against Russia in connection with the situation in Ukraine. The American and European packages of new measures are largely similar. In particular, oil and gas companies are prohibited from supplying goods and technologies necessary for the development of oil fields in deep -sea plots and Arctic shelf, as well as in shale layers. In the EU documents, specific companies are not indicated. The US sanctions list included Gazprom, Gazprom Neft, Lukoil, Surgutneftegaz and Rosneft.