Lukoil plans to start commercial production at the 170 km field in the Caspian Sea by 2031.

This was reported by TASS with reference to the State Duma Committee on Energy.

It is also reported that the start of commercial oil production at the Greifer field is scheduled for 2023, and from 2027 the company will produce gas at the Kuvykin field.

“As part of the implementation of the program for the integrated development of the Northern Caspian, LLC Lukoil-Nizhnevolzhskneft plans to put into operation the field named after. Graifer, them. Kuvykina and “170 km””, – the agency quotes the materials of the committee.

As stated in the presentation to the report of Nikolay Lyashko, General Director of Lukoil-Nizhnevolzhskneft LLC, the production plateau at the Greifer field is 1.2 million tons of oil per year, reaching the design capacity is scheduled for 2025. The recoverable oil reserves of the field are 19.2 million tons, the number of wells is 16.

“Lukoil has discovered an entire oil and gas province in the Russian sector of the Caspian Sea. 11 fields have been put on the balance sheet with total initial recoverable reserves of about 1.8 billion tons of standard fuel. Investments in the Caspian Project have already exceeded 480 billion rubles,” the presentation emphasizes. It is clarified, in particular, that the recoverable reserves of the existing field named after. Korchagin for oil is 26.4 million tons, for gas – 46.8 billion cubic meters. m; cumulative production – more than 12 million tons, production shelf – 1.5 million tons per year. Recoverable reserves of the deposit. Filanovsky is 129 million tons for oil, 26 billion cubic meters for gas. m; cumulative production exceeds 33 million tons, production plateau – 6 million tons per year.

Lukoil is reportedly conducting exploration in the region; The recoverable resources of the eight identified prospects are 126.8 million tons of oil, 18.2 million tons of condensate and 209.7 billion cubic meters of gas.