Lutseyakhskoye is a conventional oil development located onshore Russia and is operated by Zarubezhneft. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, Lutseyakhskoye was discovered in 2011, lies in block Lutseyakhskoye. Buy the profile here.

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The project is currently in commissioning stage and is expected to start commercial production in 2024. The development cost is expected to be $7,900 m.

Field participation details

The field is owned by Zarubezhneft.

Production from Lutseyakhskoye

Production from the Lutseyakhskoye conventional oil development project is expected to begin in 2024 and is forecast to peak in 2028, Based on economic assumptions, the production will continue until the field reaches its economic limit in 2068.

Contractors involved in the Lutseyakhskoye conventional oil field

The key contractors involved in the Lutseyakhskoye project as follows.

Other Contractors: OZNA

About Zarubezhneft

Zarubezhneft (Zarubezhneft) is an oil and gas company that explores and develops oil and gas properties. The company constructs, operate and design oil refineries, tank farms and pipeline systems for storage, transportation, and marketing operations. Its services include engineering, design and account evaluation documentation, oil enhancement recovery technologies, construction of offshore facilities, facility up-gradation, staff training, and export-import operations for technological equipment, among others. The company offers the design, construction and operation of refining facilities, tank farms and pipeline systems. It develops oil and gas exploration projects in Croatia, Jordan, Russia, Turkmenistan, Uzbekistan, Vietnam, and Cuba. Zarubezhneft is headquartered in Moscow, Russia.

For more details on the Lutseyakhskoye Conventional Oil Field, buy the profile here.

This content was updated on 7 February 2024

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GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.

This information is drawn from GlobalData’s Oil & Gas Intelligence Center, which provides detailed profiles of 34,000+ oil and gas fields, 400,000+ exploration blocks, 1,100+ LNG terminals, 3,400+ gas processing plants, 5,000+ storage terminals, and 8,000+ pipelines, 1,400+ refineries and 13,000+ petrochemical plants worldwide.