Lukoil lets pipelay contract for Yuri Korchagin oil field

OAO Lukoil unit Lukoil-Nizhnevolzhskneft LLC has let a subsea pipeline installation contract to a unit of J. Ray McDermott SA for the Yuri Korchagin oil field pipeline project, 180 km off Russia in the Caspian Sea.

Jan. 30, 2007

Eric Watkins
Senior Correspondent

LOS ANGELES, Jan. 30 -- OAO Lukoil unit Lukoil-Nizhnevolzhskneft LLC has let a subsea pipeline installation contract to a unit of J. Ray McDermott SA for the Yuri Korchagin oil field pipeline project, 180 km off Russia in the Caspian Sea.

Under the contract J. Ray will install 58 km of 12-in. pipe connecting the ice-resistant fixed platform No.1 (LSP-1) to a single-point mooring buoy south of Yuri Korchagin field.

J. Ray also will provide design engineering, procurement, installation, and testing of the line.

Contact Eric Watkins at [email protected].