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July 23, 2018

Lukoil investment in Rakushechnoye field to go ahead

Lukoil has taken a final investment decision on the Rakushechnoye field development project in the Caspian Sea.

Lukoil has taken a final investment decision on the Rakushechnoye field development project in the Caspian Sea. The Lukoil investment will see updated field infrastructure including a fixed offshore ice-resistant platform, a living quarters platform, a crossover bridge, as well as subsea interfield pipelines and cable lines for the connection to the second fixed offshore ice-resistant platform at the V. Filanovsky field.

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The anticipated annual oil production plateau is 1.2 million tonnes and the commercial production is slated to commence in 2023.

Due to close proximity to Lukoil’s producing fields in the Caspian Sea, it was possible to optimise the field development project through the use of existing infrastructure for treatment and transportation of products and the power supply.

"The initial recoverable reserves are about 39 million tonnes of oil and gas condensate, and 33 billion cubic metres of gas."

The output from the Rakushechnoye field will be delivered to the central technological platform at the V. Filanovsky field for treatment and then exported through the CPC.

Under the Lukoil investment, all offshore facilities for the field development will be built in the Astrakhan Region.

The company plans to use the assembly site of OOO ‘LUKOIL-Nizhnevolzhskneft’, as well as the subcontractor’s own production facilities.

The Rakushechnoye field was discovered in 2001. It is located 160km from the port of Astrakhan, which is 100km off the west coast and 8.5km from the V. Filanovsky field.

The sea depth in the field area ranges from 5m to 8m. The initial recoverable reserves are about 39 million tonnes of oil and gas condensate, and 33 billion cubic metres of gas.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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