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35 000 000 tonnes of oil produced at LUKOIL´s North Caspian fields

It has been 20 years since the discovery of Yury Korchagin and Khvalynskoye fields

35 000 000 tonnes of oil produced at LUKOIL´s North Caspian fields

Astrakhan, December 30 - Neftegaz.RU.  As LUKOIL reported, the company's cumulative production of oil has exceeded 35 million tonnes at its Yury Korchagin and Vladimir Filanovsky fields in the North Caspian Sea.

LUKOIL carried on with these projects in 2020. In particular, new production wells were drilled, as well as side-track wells to intensify influx of hydrocarbons.
In 2020, LUKOIL produced over 7 million tonnes at 2 aforementioned fields.

Moreover, LUKOIL started constructing infrastructure facilities at its 3rd major Caspian project, Valery Grayfer field. Estimated plateau level for the field is over a million tonnes of oil per year.
  • In April, LUKOIL installed jackets for the accommodation block
  • in August – for the fixed ice-resistant platform
  • Shipyards in Astrakhan are constructing topsides of both platforms
The company will continue construction of facilities at Valery Grayfer field in 2021. Exploration and production drilling will take place at its other offshore fields.

This summer, LUKOIL drilled an exploration well at the Severo-Rakushechnaya prospective structure set north of Valery Grayfer field. The company also keeps up exploration works at Khazri and Titonskaya structures set in the Central Caspian.

LUKOIL discovered in the Caspian Sea nine fields with total recoverable reserves amounting to approximately 7 billion barrels of oil equivalent.

It has been 20 years since the discovery of Yury Korchagin and Khvalynskoye fields. 5 years later, Vladimir Filanovsky field, the largest in the Russian sector of the Caspian Sea, was discovered.

To read the article in Russian.

Source : Neftegaz.RU


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