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.
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 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.