Yuri Korchagin offshore installations completed

OAO Lukoil is closer to bringing its Yuri Korchagin oil field on stream in the Caspian Sea this December following installation of offshore facilities.

Oct 16th, 2009

Uchenna Izundu
OGJ International Editor

LONDON, Oct. 16 -- OAO Lukoil is closer to bringing its Yuri Korchagin oil field on stream in the Caspian Sea this December following installation of offshore facilities.

This will be the first of Lukoil’s North Caspian fields in the Russian sector of the Caspian Sea to be developed.

The company let the contract to J. Ray McDermott SA, which completed the installation within a month and a half: an ice-resistant fixed processing platform (LSP-1) and adjacent living quarters (LSP-2) joined together by a 243-ft bridge.

Oil from LSP-1 will be delivered to the marine transportation complex, which consists of a floating storage offloading system (FSO) and the 1,005-ton single-point mooring (SPM) substructure via a 36-mile, 12-in. pipeline.

“Additional work included engineering, procurement, fabrication, transportation, and installation of tie-in spools connecting LSP-1 and the SPM to the 36-mile subsea pipeline as well as hydrostatic leak testing and flushing of the entire pipeline system,” said J. Ray McDermott.

The field lies in 11-13 m of water and holds proved, probable, and possible reserves of 570 million boe. It is 180 km from Astrakhan and 240 km from Makhachkala and will produce 2.3 million tons/year of oil and 1.2 billion cu m/year of gas.

Contact Uchenna Izundu at uchennai@pennwell.com.

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