Lukoil said on October 26, 2017, that it has finalized drilling on its 8th well at the Vladimir Filanovsky field in the Caspian Sea.
Lukoil is now waiting to turn on the tap for the additional resources that will be unleashed from the Vladimir Filanovsky field.
The latest well is a horizontal producing one, with a section of 1,560 metres and a flow rate of 2,800 tonnes per day.
As a result of unlocking the additional resources, the projects total production is expected to reach 6 million tonnes a year.
At present, there are 6 producing wells and 2 water injectors (also currently producing oil) in operation at the field.
Within the Phase 2 of the Filanovsky field development plan, construction and individual equipment testing works at fixed ice-resistant platform, the accommodation block platform and the connecting bridge will have been completed by the end of 2017. A drilling complex and systems are also planned to be put into operation.