The field, formerly known as Rakushechnoye, in 2019 has been renamed after Valery Grayfer, to mark his valuable contribution to the development of the Russian oil industry. Grayfer field, discovered in 2001, is LUKOIL’s 3rd biggest project in the region after the Yury Korchagin and Vladimir Filanovsky fields.
LUKOIL started construction of the platform jackets in August of 2018. A shipyard in Astrakhan that built and assembled the structure applied a special Russian technology of hull metallization which guarantees long lasting operation of the substructure and prevents corrosion in the North Caspian environment.
The company plans to mount topsides of the accommodation block and the ice resistant platform on the jackets in 2021.
The start of production at the field is scheduled for 2022. The field's annual planned production rate is 1.2 million metric tonnes of oil.
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