Lukoil, Russia’s largest privately-held oil company, has started drilling of the first production well at the Vladimir Filanovsky field Phase 2 development in the Caspian Sea.
Lukoil said on Thursday that the company finished most of the construction works at the field’s Phase 2 development facilities.
According to the company, the drilling is planned to be completed in early 2018. The Phase 2 facilities will allow Lukoil to reach a stable designed production plateau of 6 million tonnes per year at the field.
The V. Filanovsky Phase 2 development plan entails a fixed ice-resistant platform, the accommodation block platform, a connecting bridge, and a drilling complex added to the platform.
At the moment, there are six production and two injection wells operating at the Phase 1 facilities. The cumulative production from the field has surpassed 5 million tonnes of oil.
To remind, the drilling of its eighth well at the V. Filanovsky field was completed in late October this year. As a result, the project’s total production reached 16.5 thousand tonnes of oil per day.