PJSC LukOil Start of Facilities Construction at Rakushechnoye
October 16 2018 - 6:00AM
RNS Non-Regulatory
TIDMLKOD
PJSC LukOil
16 October 2018
PRESS RELEASE
October 16, 2018
LUKOIL STARTS THE CONSTRUCTION OF FACILITIES AT RAKUSHECHNOYE
FIELD
As part of his working visit to Astrakhan, President of LUKOIL
Vagit Alekperov, jointly with Head of the Astrakhan Region Sergey
Morozov, took part in the official groundbreaking ceremony to mark
the start of construction of infrastructure facilities of
Rakushechnoye field. This is the Company's third large project in
the Caspian Sea alongside with two other fields, Yury Korchagin and
Vladimir Filanovsky.
Commercial oil production, with an estimated plateau level of
1.2 million tonnes, is expected to commence in 2023. Proximity to
the ompany's other Caspian fields makes it possible to use already
available power supply facilities and infrastructure for the
treatment and shipping of the products, thus contributing to an
overall optimization of the project.
The Rakushechnoye field's infrastructure includes an
ice-resistant fixed offshore platform and a living-quarter
platform, interconnected with a gallery bridge. All the facilities
will be built by a Russian contractor at shipbuilding yards in the
Astrakhan Region.
For reference:
LUKOIL has discovered ten fields in the Caspian Sea. The total
recoverable hydrocarbon reserves of all the fields equal seven
billion barrels of oil equivalent. Discovered in 2001,
Rakushechnoye field is located 100 kilometers off the west coast,
160 kilometers away from the port of Astrakhan and 8.5 kilometers
from Vladimir Filanovsky field.
The depth of the sea in the field area varies from 5 to 8
meters. The initial recoverable reserves of the field are 39
million tonnes of oil and around 33 billion cubic meters of gas.
Hydrocarbons produced at Rakushechnoye will be delivered to the
central processing platform of Vladimir Filanovsky field for
treatment, to be further exported via the CPC pipeline.
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END
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