Russia's largest private oil company, LUKOIL, said that work on the offshore field Vladimir Filanovsky is on track and expects to commission it in 2015, according to Fedor Klimkin, Press and Communication Officer for LUKOIL Overseas.
“We have already installed the jackets for the offshore platforms and the subsea pipelines are nearing completion,” Klimkin told JPT in an interview. “The phase-based program for integrated development of the North Caspian fields implies construction of 25 platforms with the total weight of about 100 thousand tons. Pipelines will run for more than 1,500 km including subsea lines around 1,000 km long.
The field, which contains 0.1 % sulfur content, is located about 50 km offshore in the northern part of the Caspian Sea. It is expected to be commissioned in 2015.
The offshore field, located in the Caspian Sea, has gas and oil located within the Albian and Aptian stages, and Neocomean superstage of the Early Cretaceous sediments in water depths of 10 m. The field’s reserves include 153.1 million tons of oil and 32.2 bcm.
Speaking about the company’s major ongoing projects in the Caspian region, Klimkin said LUKOIL’s involvement in Kazakhstan’s second largest oil field is set achieve maximum capacity by 2019.
“Tengiz is the second largest field of Kazakhstan in terms of oil reserves and is expected to reach a maximum oil production level of 36 million tons by 2019,” he said.
Klimkin said the Karachaganak field development in Kazakhstan is one of the earliest and most efficient projects of LUKOIL Overseas.
“The field is expected to reach maximum oil production at a level of 12 million tons by 2017 with maximum gas production expected to exceed 26 bcm by 2028,” he said.
Lukoil is the largest private oil and gas company in Russia, with operations in 28 countries around the world.
Abdelghani Henni is the Middle East Editor for the Journal of Petroleum Technology.