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Lukoil marks milestone in Caspian Sea

Written by  Sunday, 16 July 2017 21:40
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Russian oil producer Lukoil has reached another milestone with 3 million tons of oil produced at the Vladimir Filanovsky field in the Caspian Sea.

The Moscow-headquartered company said to date it has completed six wells at Vladimir Filanovsky and is currently drilling the seventh well, which will be used for water injection. 

As part of the field’s Phase 2 development plan, Lukoil has completed installation in the target area of the topside of the fixed ice-resistant platform and the accommodation topside. Phase 2 is expected to be completed by the end of 2017. 

The Vladimir Filanovsky field was put in operation in 2016, and its initial recoverable reserves equal 129 million tons of oil and 30 Bcm of gas. The annual production rate at plateau phase is 6 million tons of oil.

Last month, Lukoil reported that oil production at its Pyakyakhinskoye oil and gas condensate field in the Yamal-Nenets Autonomous District exceeded 1 million tons since the start of commercial production in October 2016. The accumulated production of gas exceeded 1.3 Bcm.

Home to 57 oil and 25 gas wells, Pyakyakhinskoye's daily production currently exceeds 4000 tons of oil and gas condensate and 9 Mcm of gas.This year Lukoil plans to build five oil and three gas well pads on the field, which will be connected to a network of pipelines totaling 30km. In addition, the firm will also put in operation 26 more oil producing wells.

Image: Vladimir Filanovsky field operation in the Caspian Sea / Lukoil

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