Company report
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14 Pages

LUKOIL corporate report


LUKOIL corporate report

Report summary

LUKOIL has been spared the dramatic budget cuts forced upon its International peers. The structural shift in the value of the rouble and strong balance sheet will provide much needed financial flexibility to withstand both lower oil prices and constrained access to global debt markets following sanctions.

What's included?

This report includes 1 file(s)

  • LUKOIL corporate report PDF - 374.98 KB 14 Pages, 6 Tables, 16 Figures

Description

The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Company report offers thought-provoking insight into corporate financial health, investment strategy and operational outlook supported by our proprietary asset data and energy research experts.

Widely used by both the energy and financial sectors, our report gives you a unique perspective on key strategic and financial challenges, as well as opportunities facing this oil and gas company.

Wood Mackenzie provides an independent evaluation and expert opinion on the operational performance, strategy and future of the world's top oil and gas companies. Our unique, objective analysis helps you understand, validate, compare and challenge market and corporate views so you can assess strategic opportunities.

  • Executive summary
  • Strategy
    • Strategic positioning as oil price collapses
    • Strategic action to date - the weaker rouble provides relief
    • Impact on financial outlook - strong financials provide strategic flexibility
    • Impact on key performance metrics
    • Options to free up further capital
    • Opportunities for future growth through M&A
    • Exploration – international efforts yet to deliver
  • Economic assumptions
    • Wood Mackenzie Corporate Service: our response to low oil prices
    • Economic assumptions

In this report there are 22 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Strategy
    • Post oil price crash share price performance
    • Premium/discount to WM base case
    • Upstream spend: historic and 2015 guidance
    • Projected upstream development capex
    • Evolution of Brent cash flow breakeven
    • Projected upstream cashflow by country
    • Total production: WM projected
    • Remaining NPV. 10
    • Probable development capex by project
    • Probable development capex by IRR
    • M&A deal pipeline
    • Benchmark: NPV, 10 by resource theme
    • Benchmark: exploration spend intensity
    • Benchmark: deepwater acreage by company
  • Economic assumptions
    • Base price assumptions (nominal terms)
    • Base price assumptions (nominal terms)
    • Base, high, and low Brent (nominal terms)
    • High price assumptions
    • Low price assumptions
    • Value assumptions
    • Foreign exchange rate assumptions
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