One of Russia’s biggest oil companies has completed drilling its eighth well 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 6million tonnes a year.
At present, there are six producing wells and two 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.
The Vladimir Filanovsky field was put in operation in 2016.
Its initial recoverable reserves equal 129 million tonnes of oil and 30 billion cubic meters of gas.
The annual production level at plateau phase is 6 million tonnes of oil.
All the offshore facilities installed at Lukoil’s Caspian fields have been manufactured by Russian shipyards.