PRESS RELEASE 1/13/2017

LUKOIL: FIRST MILLION TONS OF OIL AT FILANOVSKY FIELD

Cumulative production at Vladimir Filanovsky field, a LUKOIL property in the Caspian Sea, has reached one million tons.

Having already commissioned three horizontal sidetracked wells, the company is now constructing the fourth one. Alongside, facilities of the field's second phase of development are being built: an offshore ice-resistant fixed platform (IRP-2) and a living quarter platform (LQP-2). The substructures were taken to the sea and installed at prescribed points. The annual planned production level is estimated at 6 million tons of oil.

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OAO Lukoil published this content on 13 January 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 20 January 2017 11:59:09 UTC.

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