MOSCOW Dec 13 Vagit Alekperov, the CEO of Russia's No.2 oil producer Lukoil, told Russian state TV broadcaster Rossiya-24 in an interview aired on Tuesday that Lukoil's investment programme for 2017 based on the oil price of $40 per barrel.
He also said Lukoil's oil production in Russia seen flat, at 84-85 million tonnes, in 2017-18, while 2016 net profit could decline from 2015 by 35-40 percent.
A Lukoil spokesman said the interview was taken a few weeks ago. (reporting by Vladimir Soldatkin, writing by Denis Pinchuk, editing by Katya Golubkova)
Big Oil turns to big data to save big money on drilling
June 23 In today's U.S. shale fields, tiny sensors attached to production gear harvest data on everything from pumping pressure to the heat and rotational speed of drill bits boring into the rocky earth.