Lukoil’s cumulative manufacturing of oil has exceeded 35 million tonnes at its Yury Korchagin and Vladimir Filanovsky fields within the North Caspian Sea.
Lukoil carried on with these tasks in 2020. In specific, new manufacturing wells have been drilled, in addition to side-track wells to accentuate inflow of hydrocarbons. In 2020, LUKOIL produced over 7 million tonnes at two aforementioned fields.
Moreover, Lukoil began establishing infrastructure services at its third main Caspian venture, Valery Grayfer area. Estimated plateau degree for the sector is over one million tonnes of oil per yr. In April, Lukoil put in jackets for the lodging block, and in August – for the fastened ice-resistant platform. Shipyards in Astrakhan are establishing topsides of each platforms.
Lukoil will proceed building of services at Valery Grayfer area in 2021. Exploration and manufacturing drilling will happen at its different offshore fields.
This summer season, Lukoil drilled an exploration properly on the Severo-Rakushechnaya potential construction set north of Valery Grayfer area. The firm additionally retains up exploration works at Khazri and Titonskaya buildings set within the Central Caspian.
Lukoil found within the Caspian Sea 9 fields with complete recoverable reserves amounting to roughly seven billion barrels of oil equal.
It has been twenty years because the discovery of Yury Korchagin and Khvalynskoye fields. Five years later, Vladimir Filanovsky area, the biggest within the Russian sector of the Caspian Sea, was found.
Lukoil, headquartered in Moscow,is likely one of the largest oil & gasoline vertical built-in firms on this planet accounting for over 2% of crude manufacturing and circa 1% of proved hydrocarbon reserves globally.
(Source and picture: Lukoil – Image: Lukoil’s Vladimir Filanovsky manufacturing facility within the Caspian Sea)

The put up LUKOIL REACHES 35 MILLION TONNES OF OIL PRODUCTION IN NORTH CASPIAN SEA appeared first on Energy Global News.

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