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November 19, 2021updated 28 Apr 2022 5:48am

V.I. Grayfer Conventional Oil Field, Russia

By Carmen

V.I. Grayfer is a conventional oil development located in shallow water in Russia and is operated by Lukoil-Nizhnevolzhskneft. Discovered in 2001, V.I. Grayfer lies in block Severny (ShKS), with water depth of around 27 feet.

The project is currently in commissioning stage and is expected to start commercial production in 2022. 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 2022 and is forecast to peak in 2024, 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 2068.


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: Electrical Center TSN, Inkomsistem, Lotos and SRK Consulting (Global)

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.

Methodology

Information on the field is sourced from GlobalData’s fields database that provides detailed information on all producing, announced and planned oil and gas fields globally. Not all companies mentioned in the article may be currently existing due to their merger or acquisition or business closure.

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