LUKOIL to save water resources in Komi Republic

AK&M 19 February 2021 20:44

PJSC LUKOIL continues efforts aimed at minimizing impact on water bodies of the Komi Republic, the company informed.

In particular, LUKOIL has commissioned new water treatment facilities and commenced closed loop steam generation at its oil mines in Yarega, Pervomaisky and Nizhny Domanik settlements.

Earlier on, the company had already installed a water reuse system at Yarega field. The steam, injected in the subsurface, is condensed in water that is brought back together with produced oil. Before it is reused to generate steam, water gets separated from oil and undergoes multistage treatment. With the new facilities, treating up to 17 thousand cubic meters a day, the process involves household, rainfall, melt and industrial waste waters.

PJSC LUKOIL (tax number: 7708004767) is Russia's second largest oil producer. The largest block of the company's shares is owned by its management. IFRS net profit of LUKOIL for 2019 attributable to the company's shareholders increased by 3.4% to RUB 640.2 billion from RUB 619.2 billion a year earlier. The company's sales revenue for 2019 decreased by 2.4% year-on-year to RUB 7.841 trillion from RUB 8.036 trillion.