Lukoil has Russia's first Caspian oil discovery

Lukoil has made the first commercial discovery of oil in the Russian sector of the Caspian Sea.Upon announcing the strike, the giant Russian oil company outlined a tentative development plan for the field, a move that immediately alters the delicate balance of geopolitics governing exports of Caspian oil.Discovery, development detailsLukoil used the Astra jack up rig to drill the well on the Khvalynskoye structure on the Severny license 170 km off Russia's Astrakhan oblast.The well was drilled to 4,200 m TD and encountered seven hydrocarbon-bearing horizons.Plans call for completing and flow-testing the well soon."Now we are confident that there is oil in the Russian Caspian," said Lu...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected