Lukoil makes FID for Caspian Sea project

Source: Pixabay - under CCO Creative Commons license

Russian energy company Lukoil has taken the final investment decision on the Rakushechnoye field development project in the Caspian Sea.

According to Lukoil’s statement on Friday, the field infrastructure under the taken decision includes a fixed offshore ice-resistant platform, a living quarters platform, a crossover bridge, as well as subsea interfield pipelines and cable lines for the connection with the second fixed offshore ice-resistant platform at the V. Filanovsky field.

The commercial production is scheduled to start in 2023. The expected oil production plateau is 1.2 million tonnes per year.

Lukoil stated that close proximity to the company’s producing fields in the Caspian Sea made it possible to significantly optimize the field development project through the use of the existing infrastructure for treatment and transportation of products along with the power supply at the Rakushechnoye field.

The Rakushechnoye field output will be supplied for treatment to the central technological platform at the V. Filanovsky field and then exported through the CPC.

All offshore facilities for the field development will be constructed in the Astrakhan Region. The company intends to use the assembly site of OOO “LUKOIL-Nizhnevolzhskneft”, as well as subcontractor’s own production facilities.

Share this article

Follow Offshore Energy Today

Events>

<< Oct 2019 >>
MTWTFSS
30 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31 1 2 3

Executive Oil Conference & Expo 2019

Executive Oil Conference and Exhibition is a unique opportunity to meet with all of the region’s…

read more >

Oil & Gas Vietnam 2019

Oil & Gas Vietnam (OGAV) 2019 is the only specialized oil & gas event in Vietnam that brings together an international congregation of both upstream and downstream oil and gas companies and also its supporting industries gathered in the heart of Vietnam’s oil and gas industry in Vung Tau, to showcase the latest developments in the oil and gas industry.

read more >

Jobs>

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of OffshoreEnergyToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply