Lukoil Starts Pumping Crude at Russia’s Largest Discovery in 25 years

Commercial production at Lukoil's Vladimir Filanovsky field in the Caspian Sea was launched Monday by Russian President Vladimir Putin.

The field, which was found in 2005, is Russia’s largest oil discovery for the past twenty-five years and the second field commissioned by Lukoil in the Russian offshore sector of the Caspian Sea.

The field’s ?1+?2 recoverable reserves under the Russian classification are estimated at 129 million tons of crude oil and 30 Bcm of gas. The field’s annual oil production, at plateau, is estimated at 6 million tons.

Two horizontal production wells have been drilled to date, yielding a daily flow rate of over 6,000 tons (45,000 bbl) of oil. Construction of a third well is underway.

The second stage of the field development is already underway, Lukoil said.

Source: Global oil & gas

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