Lukoil

Lukoil has spudded the first development well at the Vladimir Filanovsky field in shallow waters of the northern Caspian Sea offshore Russia. The well is being drilled from an ice-resistant fixed platform. First commercial field production is slated for the second half of the year. The field is the largest discovered in Russia in the past 25 years with estimated recoverable reserves of more than 1.4 Tcf of gas and 938 million bbl of oil.


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