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.
The project is currently in commissioning stage and is expected to start commercial production in 2023. 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 2023 and is forecast to peak in 2027, to approximately 16,659 bpd of crude oil and condensate. Based on economic assumptions, the production will continue until the field reaches its economic limit in 2069.
Remaining recoverable reserves
The field is expected to recover 94.90 Mmboe, comprised of 94.90 Mmbbl of crude oil & condensate.
Contractors involved in the Lutseyakhskoye conventional oil field
The key contractors involved in the Lutseyakhskoye project as follows.
Other Contractors: OZNA
About 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.
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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.
