Lukoil boasts production milestone at Caspian Sea field

Russian oil and gas giant Lukoil has reached a production milestone at its operated Vladimir Filanovsky field located in the Caspian Sea.

Vladimir Filanovsky is the largest oil field in the Russian sector of the Caspian Sea, which had initial recoverable reserves of 129 million metric tons of oil and 30 billion cubic meters of gas. Commissioned in 2016, the field reached its target production level of six million tons of oil per year in 2018 and, by July 2019, the field produced over 15 million tons.

Lukoil revealed on Thursday that its oil production at its Vladimir Filanovsky field had exceeded 30 million tonnes. In 2021, the field saw five development wells built – including four production wells and one injection well- to maintain the plateau level of six million tonnes of oil per year.

Lukoil
Source: Lukoil

The company also completed the second stage of development of the Yury Korchagin field (the wellhead platform) and constructed eight development wells there.

​Furthermore, Lukoil continues the development of its third Caspian field – the Valery Grayfer. Following the launch of the jacket in April 2020, shipyards of the city of Astrakhan, Russia, keep building topside facilities for the fixed ice-resistant platform and accommodation block.

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In 2021, they were lifted, weighed, and moved to the quay. A drilling rig was installed at the ice-resistant platform. The facilities are scheduled to be put to sea in the second quarter of 2022. A unique float-over technology will be used. It will allow the installation of topside facilities on the platform jacket without employing a floating crane.​