News listings

energy-pedia development and production

Russia flagRussia

Europe / Caspian / CIS >>> Russia

Russia: 50 million tonnes of liquid hydrocarbons produced at LUKOIL’S North Caspian fields

02 Feb 2023

Photo - see caption

LUKOIL's liquid hydrocarbon production in the Russian sector of the Caspian Sea has reached 50 million tonnes.

The Company discovered 11 fields in the Caspian Sea. The first one, named after Yury Korchagin, was discovered in 2000 and launched in 2010.

Photo - see caption

In 2005, LUKOIL discovered the Vladimir Filanovsky field with initial recoverable reserves of 129 million tonnes of oil and 30 bcm of gas. It became the largest geological discovery in the post-Soviet Russia. Commercial production at the field began in 2016.

The Company continues development of the Valery Grayfer field. Its plateau level is expected to exceed 1 million tonnes of oil per year.

Following drilling and testing of prospecting wells in 2022, a large gas condensate Khazri field was discovered. This year, the Company plans to submit to the Russian national register data on a huge oil and gas condensate field named after one of LUKOIL's founders, Ravil Maganov. The Yury Kuvykin field is also a potentially prospective production area.

While developing oil production in the North Caspian, LUKOIL keeps improving environmental safety of its operations and employs technologies of zero discharge, satellite monitoring and reproduction of bioresources.

Original article link

Source: LUKOIL

Bookmark and Share

A global information service for upstream oil and gas opportunities - divestitures, farmins and farmouts and licensing rounds.

Subscriber Only Deals

Current Deals

Current Upstream Deals: 277

Completed Deals

Completed Upstream Deals: 6455

Company Profiles

Current Company Profiles: 2886

Corporate Activity

Current Corporate Activity articles: 4034

Companies Looking

Current number of articles: 463

Company Sales

Current Company Sales articles:1620


Current Geostudies articles: 912

How to subscribe

energy-pedia Jobs

RSS Feed Widget
See all jobs...

energy-pedia Databank

The energy-pedia databank contains links to information on the world financial and energy markets, including share prices, oil and gas prices and the global stock exchanges. Read more...

energy-pedia Glossary

A list of commonly used terms in the oil and gas industry. Read more...


Subscribe to the FREE
energy-pedia Daily Newsletter

Rose & Assocs 180
Telos NRG
Government of South Australia
Union Jack Oil 149
About energy-pedia

energy-pedia news is a FREE news service written and edited by E and P professionals for E and P professionals.

We don't just report the news, we give you the technical background as well, with additional information derived from our unique energy-pedia opportunities service.
Contact us

energy365 Ltd

238 High Street
London Colney
St Albans

Tel: +44(0)1727 822675