Lukoil proceeds with Filanovsky field phase two development

Lukoil has launched Phase 2 of the development drilling campaign of the Offshore Ice-Resistant Fixed Complex 2 (OIRFC 2) at Vladimir Filanovsky field in Astrakhan, Russia, the company said Oct. 9. The second phase aims to keep oil production at the planned rate of 6 million tonnes/year.  

Vladimir Filanovsky field is the largest offshore oil field in Russia’s sector of the Caspian Sea. Commissioned in 2016, the field reached annual planned production level in 2018.

Lukoil has invested more than $9 billion into development of the fields in the Russian sector of the Caspian Sea.

Both independently and as part of a joint venture, Lukoil has discovered 10 fields in the Caspian Sea with C1+C2 ultimate recoverable hydrocarbon reserves of 7 billion boe.