LUKOIL completed construction of the first well as part of Phase 3 of the development of the V. Filanovsky field in the Caspian Sea. The well was drilled with a floating jack up rig Neptune, mounted on a riser block platform.

The newly constructed well has two bores and features TAML level 5 intelligent completion system. The drill depth of the main bore is 3 235 meters. The bottom of the side track is 3 261 meters deep. Planned daily flow rate of oil is 1 838 metric tons.

Produced oil is delivered to the Phase 1 central processing platform via a subsea pipeline. Phase 3, intended to maintain annual oil production at the planned production level of six million metric tons of oil, will integrate western part of the V. Filanovsky field in the development. Operation of the riser block platform is almost automatic and requires minimum involvement of the personnel.

Continuing operational drilling at Phase 1, the company has sidetracked two existing wells.

About the V. Filanovsky field

The V. Filanovsky field was commissioned in 2016. Commercial operation of Phase 2 facilities began in 2018. All the offshore facilities of the company’s Caspian fields have been built at Russian shipyards. Production operations comply with zero discharge principle, that guarantees that all household and industrial wastes are transported off sites and are recycled or utilized onshore.

About LUKOIL

LUKOIL is one of the largest oil & gas vertical integrated companies in the world accounting for over 2% of crude production and circa 1% of proved hydrocarbon reserves globally. LUKOIL enjoys a full production cycle to control the entire value chain from upstream to downstream. LUKOIL employs over 110 thousand people who join their efforts and talents to secure the Company’s market leadership.