11-06-08 LUKoil vice president Azat Shamsuarov said his company plans to invest roubles 76 bn to stabilize crude production at its west Siberian fields. Russia's second-largest oil producer wants to maintain production at 60 mm tons of standard fuel per year during the next few years at these fields.
"No drop in production is expected, stabilization will be seen in a few years," Shamsuarov said.

LUKoil plans to deploy cutting-edge technology in order to keep extraction levels at older fields constant, and it could also develop new fields there, he added. Shamsuarov also said that production could increase if the government introduces tax breaks for the extraction of subsurface resources.
Earlier this month, LUKoil said first-quarter crude production declined 3.0 % to 23.6 mm tons from 24.432 mm due to less output at the company's aging west Siberian fields.