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

SLB, Shearwater Launch Multi-Client 3D Seismic Survey off Brazil

Vallourec, Aramco Expand Tubulars Partnership

Energean’s Profit Rises as Israeli Gas Operations Recover

Current News

Skyborn Reaches Financial Close on Gennaker Offshore Wind Farm

Ørsted Gets Favorable Tax Opinion on Two UK Wind Farms

GONDAN Launches Its Largest-Ever Vessel Built for Østensjø Rederi

IEA Sees Bigger Oil Supply Gap as Gulf Recovery Slips into 2027

Subscribe for OE Digital E‑News