Commissioned in 2016, the field reached its target production level of 6 million tons of oil per year in 2018.
The investment for the construction of the offshore field and its ancillary equipment is expected to be approximately $2.3 billion.
The field’s reserves are estimated to include 153.1 million tonnes of oil and 32.2 billion m3 of gas.
The field has a unique geology, with highly permeable collectors yielding record-high initial flow rates which are multiple higher than the initial flow rates of the company’s other new wells in average.
The field produces high-quality light low sulphur oil.
Production volumes are exported via the pipeline system operated by the Caspian Pipeline Consortium (CPC).
The associated petroleum gas from the field is supplied to the Stavrolen oil & gas chemical complex.
The V. Filanovsky field's infrastructure generates considerable synergies for LUKOIL's other Caspian projects.
LUKOIL's oil production at its Caspian Vladimir Filanovsky field exceeded 30 million tonnes.
In 2021, the field saw 5 development wells built (including 4 production wells and 1 injection well) to maintain the plateau level of 6 million tonnes of oil per year.
