Russia's Lukoil informed its President Vagit Alekperov, jointly with Head of the Astrakhan Region Sergey Morozov, took part in the official groundbreaking ceremony to mark the start of construction of infrastructure facilities of Rakushechnoye field.
This is the Company's third large project in the Caspian Sea alongside with two other fields, Yury Korchagin and Vladimir Filanovsky.
Commercial oil production, with an estimated plateau level of 1.2 million tonnes, is expected to commence in 2023.
Proximity to the Сompany's other Caspian fields makes it possible to use already available power supply facilities and infrastructure for the treatment and shipping of the products, thus contributing to an overall optimization of the project.
The Rakushechnoye field's infrastructure includes an ice-resistant fixed offshore platform and a living-quarter platform, interconnected with a gallery bridge. All the facilities will be built by a Russian contractor at shipbuilding yards in the Astrakhan Region.