Russian energy company Lukoil has completed drilling of the first Caspian Sea production well from the wellhead platform.

Located at the Yury Korchagin field, the well was drilled in the second field development stage implemented to involve the Eastern part of the field into production.

The depth of the single-bore well is 5,217m and the reach is 4,235m, with an initial flow rate of producing approximately 500t of crude oil per day. The horizontal completion of the well was drilled from a jack-up rig.

In addition, the company completed a 1,408m sidetrack in the single-bore Caspian Sea production well #14 under an additional drilling programme within the first field development stage.

"The depth of the single-bore well is 5,217m and the reach is 4,235m, with an initial flow rate of producing approximately 500t of crude oil per day."

This allows the company to produce crude oil from the original bore and the sidetrack separately, which in turn increases the hydrocarbon recovery factor.

The additional drilling programme at the first development stage along with the implementation of the Yury Korchagin field’s second development stage accommodates production increase and extension of the production plateau at the field.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The Yury Korchagin field is the first discovery for the company in the North Caspian oil and gas province in 2000.

Lukoil commenced commercial production at the field in 2010 and the development was carried out in two stages.

All offshore facilities for the field development were built in the Astrakhan Region.

The first stage witnessed the completion of a fixed offshore ice-resistant platform with a drilling facility, a living quarter platform, and an offshore transshipment facility.

The second stage involves a wellhead platform along with a multi-phase intra-field pipeline and power cable connections with the fixed offshore ice-resistant platform of the first stage.