Lukoil to Start Oil Production at New Caspian Field in 2023

Tuesday, October 16, 2018

Russia's biggest independent oil producer Lukoil plans to start commercial oil production at its new Caspian field in 2023, the company said on Tuesday.

Lukoil said it expected to reach peak production at the Rakushechnoye field of 1.2 million metric tons a year but did not specify when this would be achieved.


(Writing by Andrey Kuzmin Editing by Edmund Blair)

Categories: Middle East Oil Offshore Energy Energy

Related Stories

Vantris Energy Lands Petronas Job on Malaysia’s Offshore Fields

ADNOC Takes FID on SARB Deep Gas Project Offshore Abu Dhabi

Offshore Rig Outlook: As 2025 Challenges Fade, Path Ahead Brightens

Offshore Energy and Boosting the Energy Efficiency of Water Processes

OE’s 2025 Top of the Festive Video Pops: Santa Goes Offshore

Saipem Nets Multibillion-Dollar Job at World's Largest Offshore Gas Field

Sponsored: Record Deals and Record Attendance Underscore ADIPEC’s Global Impact

Sponsored: Energy Sector Urged to Scale AI Adoption at ADIPEC

Sponsored: UAE Breaks Ground on GW-Scale Renewable Energy Hybrid

MDL Secures Cable Laying Job in Asia Pacific

Current News

Vantris Energy Lands Petronas Job on Malaysia’s Offshore Fields

Murphy Oil Appraisal Well Boosts Resource Outlook at Field off Vietnam

Viridien Kicks Off Multi-Client Reimaging Program off Malaysia

Petrovietnam Agrees First-Ever LNG Term Deal with Shell

ADNOC Takes FID on SARB Deep Gas Project Offshore Abu Dhabi

Jereh Group Delivers Oil Separation Systems for Petrobras’ FPSO Units

Offshore Rig Outlook: As 2025 Challenges Fade, Path Ahead Brightens

Offshore Energy and Boosting the Energy Efficiency of Water Processes

Low Demand, High Supply Keeps Asia LNG Spot Prices Flat

Following Big Loss in 2025, Oil Steadies

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com