Lukoil’s cumulative production of oil in Russia exceeded two billion tons, the company reported on February 1, 2018. The company’s Russian projects produced jointly no less than 80 million tons of oil annually in the past 14 years.

The first billion tons of oil was produced by Lukoil in 2006, fifteen years after the company was established. The milestone of two billion tons was reached eleven years later.

The uptick in production can be attributed to the recent commissioning of major oilfields, including the Vladimir Filanovsky field in the Caspian Sea, the Pyakyakhinskoye field on the Yamal Peninsula, and the Imilorskoye field in Western Siberia. New technologies have made it possible to increase significantly the production of hard-to-extract hydrocarbons, for instance the super-viscous oil at the Yarega field within the Komi republic.