News // Companies
LUKOIL published IFRS consolidated financial statements for 1Q 2016
06 June 2016 , 18:45Neftegaz.RU991
Capital expenditures for 1Q 2016 were RUB 123 bln, free cash flow was RUB 36 bln.
In 1Q 2016, LUKOIL Group total hydrocarbon production (including our share in equity affiliates) increased by 0.5% y-o-y and reached 214.2 mln boe.
Crude oil and NGL production was 183 mln bbl (-0.2% y-o-y). On an organic basis (excluding the impact of divestment of certain producing assets in Kazakhstan in 2015), oil production was up by 0.6% y-o-y with production decline at mature fields in Western Siberia more than offset by an increase in production in Iraq and projects in Timan-Pechora, Ural region and Northern Caspian in Russia.
* Including non-cash transactions and prepayments
Full version of IFRS condensed interim consolidated financial statements of PJSC LUKOIL for the first quarter of 2016 is available on the Company’s web sites: www.lukoil.com
These condensed interim consolidated financial statements have been prepared by the Company in accordance with IFRS and have not been audited by our independent auditor.
If these financial statements are audited in the future, the audit could reveal discrepancies, and we cannot give any assurance that any such discrepancies would not be material.
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