V.I. Grayfer is a conventional oil development located in shallow water in Russia and is operated by Lukoil-Nizhnevolzhskneft. According to GlobalData, who tracks more than 34,000 active and developing oil and gas fields worldwide, V.I. Grayfer was discovered in 2001, lies in block Severny (ShKS), with water depth of around 27 feet. Buy the profile here.
The project is currently in commissioning stage and is expected to start commercial production in 2023. Final investment decision (FID) of the project was approved in 2018. The V.I. Grayfer conventional oil development will includes fixed platform.
Field participation details
The field is owned by Lukoil Oil.
Production from V.I. Grayfer
Production from the V.I. Grayfer conventional oil development project is expected to begin in 2023 and is forecast to peak in 2025, to approximately 23,112 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 137.65 Mmboe, comprised of 137.65 Mmbbl of crude oil & condensate.
Contractors involved in the V.I. Grayfer conventional oil field
Some of the key contractors involved in the V.I. Grayfer project as follows.
EPC Contractors: CNGS Group
Other Contractors: SRK Consulting (Global), Electrical Center TSN, Lotos and Inkomsistem
About Lukoil-Nizhnevolzhskneft
Lukoil-Nizhnevolzhskneft (LUKOIL), a subsidiary of Lukoil Oil Co is an oil and gas exploration and development company that explores, discovers, and develops oil and gas fields in the Caspian region and Astrakhan oblast. The company invests in the resource base, optimized quality management process, increased levels of industrial and environmental safety, geography of activities opened serious prospects, associated with participation in offshore projects. It has gas-processing plant in Kotovo. LUKOIL also operates exploration work in the central part of western Kazakhstan. The company holds contracts for the construction of infield pipelines and oil export pipeline and gas fields in the North Caspian Sea. LUKOIL is headquartered in Astrakhan, Russia.
For more details on the V.I. Grayfer 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.
