Lukoil has launched the next stage of offshore construction operations at Yuri Korchagin field located in the Russian sector of the Caspian Sea.
The sea depth at the SBM assembly point is 20.5 meters. The SBM elevation above the sea level is 27.2 meters, the weight is 1,725 tons. The SBM jacket shall be fixed to the seafloor with five 2,130-mm diameter piles.
Development and Production
The Yuri Korchagin Field is expected to be commissioned in December 2009. The field is located 180 km from Astrakhan and 240 km from Makhachkala. The sea depth in the area of the field is 11-13 meters. The estimated 3P reserves of the field are 570 million barrels of oil equivalent. The maximum production rate of oil and gas condensate reaches 2.3 million tons per annum and 1.2 billion cubic meters of gas per annum.
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