Lukoil — Regulatory Filings 2017

Dec 7, 2017

National Storage Mechanism | Additional information

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RNS Number : 7056Y

PJSC LukOil

07 December 2017

LUKOIL STARTS DRILLING OF the first production well AT THE PHASE 2 OF FILANOVSKY FIELD

LUKOIL finished most of the construction works at Vladimir Filanovsky field's Phase 2 development facilities and started drilling of the first production well. The drilling is planned to be completed in early 2018.

The Phase 2 facilities will allow to reach the stable designed production plateau of 6 million tons per year at the field.

As of today, there are six production and two injection wells operating at the Phase 1 facilities. The cumulative production from the field has surpassed 5 million tons of oil.

For reference:

Vladimir Filanovsky field was put into operation in the Russian sector of Caspian Sea in 2016. Its initial recoverable reserves amount to 129 million tons of oil and 30 billion cubic meters of gas.

The field is being developed in the three phases.

Phase 1 facilities were commissioned in 2016 and include a fixed ice resistant platform, an accommodation block platform, a riser block and a central processing platform. Eight wells were drilled at the Phase 1.

Phase 2 facilities include a fixed ice resistant platform and an accommodation block platform.

The construction of the wellhead platform (mini platform), field's Phase 3 development, started in 2017.

All of the offshore facilities installed at LUKOIL's Caspian Sea fields were manufactured by the Russian shipyards.

This information is provided by RNS

The company news service from the London Stock Exchange

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