Russian oil producer Lukoil has completed drilling of an eighth horizontal producing oil well at Vladimir Filanovsky field, located in the north-central portion of Russia’s Caspian Sea sector, close to the agreed-on maritime border between Russia and Kazakhstan. The length of the well’s horizontal section is 1560m and its flow reaches 2.8TT/d. Subsequently, annual oil output from Vladimir Filanovsky rose to 6MT, upping overall production from the Caspian Sea.
In the 2000s, Lukoil announced discovery of six fields for development in the Caspian Sea, the largest and geologically most significant of which proved to be Vladimir Filanovsky. The company reported completing the first stage of site development in December 2013. Vladimir Filanovsky field is much larger in terms of probable reserves, estimated to include 153.1MT of oil and 32.2BCM of gas. Commercial production at the Caspian Sea field was launched in 2016. Within the ongoing second phase of Vladimir Filanovsky, six producing wells and two water injectors, also producing oil, are currently in operation at the field.
Following the recent renewal of the contract for Azerbaijan’s ACG field clusters, as well as the steady efforts made by Kazakhstan to increase output at the Kashagan oilfield, Russia now, too, accelerates drilling and production procedures in order to take advantage of hydrocarbon resources in its own sector of the Caspian.
Available online at: http://www.caspianpolicy.org/energy/caspian-energy-insight-november-1-2017/#5
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