Lukoil Caspian Field Passes 5M Tons Mark

Russia's Lukoil announced late Tuesday that oil production from its Yuri Korchagin field in the Caspian Sea has passed the five million tons (38.6 million barrels) mark.

Production at Yuri Korchagin began in April 2010. Its proven oil reserves are estimated at 113 million barrels and in 2014 the field produced 11.3 million barrels of oil.

Lukoil also announced Tuesday that it has been awarded the rights to develop the Vostochno-Taimyrsky block, located in the Taimyr Dolgano-Nenets district of the Krasnoyarsk region in West Siberia, onshore Russia. The area of the block is approximately 5,135 square miles and the concession period is for 27 years.

 

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  GLA is 'Single Accumulation', Largest ... (Mar 27)
 -  Software Developer Mltech Completes Fi... (Mar 27)
 -  Aberdeen City Council Lifts Finance Ba... (Mar 27)
 -  Shell to Sell Gabon Onshore Assets for... (Mar 24)
 -  Industry Pros Gather for Offshore Achi... (Mar 24)


Most Popular Articles

From the Career Center
Jobs that may interest you
Project Manager, USA
Expertise: Project Management
Location: United States
 
Executive Protection Coordinator
Expertise: Risk Management|Security
Location: TX
 
United States Denver: Proposals Specialist
Expertise: Business Development|Marketing|Sales
Location: Denver, CO
 
search for more jobs

Brent Crude Oil : $50.8/BBL 0.47%
Light Crude Oil : $47.97/BBL 0.56%
Natural Gas : $3.08/MMBtu 0.98%
Updated in last 24 hours