Lukoil Brings Alexandrovskoye Field Onstream

The Alexandrovskoye field, operated by Ural-Oil, a LUKOIL-Perm subsidiary (operator of the LUKOIL Overseas' Russian projects) has produced its first commercial oil.

At the end of 2004 at an action Ural-Oil won a full license for exploration and production of hydrocarbons from the Alexandrovskoye field (Kungursky district, southern Perm region). The field exploration began in 1991. Commercial oil reserves were found in 1997 by the Russian oil Company, a LUKOIL-Perm subsidiary. Proved reserves of field is about 1 million tons of oil.

The field operates two wells (a flowing and a pumping) with an average flow rate of 12 tons of oil a day. The field has a developed infrastructure, including a pipeline, overhead power lines and an access road. This year the field will produce 5.85 thousand tons of oil, 2006 year – near 10 thousand tons of oil.

By the end 2006 the license area will be studied seismically and a plan prepared for future operation of the Alexadrovskoye field.