JV gets license for Caspian structure
Central Oil & Gas Co., a joint venture of Lukoil, Gazprom, and KazMunayGas, has received a subsoil use license for the Tsentralnaya structure in the Caspian Sea offshore Russia.
The JV tested light, sweet oil at what it said were commercial rates in the Tsentralnaya-1 exploration well on the structure in 2008 (OGJ Online, June 24, 2008).
The well went to 4,227 m TD in 456 m of water. It’s 150 km east of Makhachkala, Dagestan, and a similar distance west of Aktau, Kazakhstan.
The new license has a 27-year term, including a 7-year exploration phase.
Russia’s government granted the license under an agreement with the Kazakh government on delineation of the northern Caspian.