Russia's President Vladimir Putin inaugurated first oil from the Vladimir Filanovsky field in the Caspian Sea yesterday (31 October).
The V. Filanovsky field, discovered by Lukoil in 2005, is Russia’s largest oil discovery for the past 25 years, according to Lukoil, and the second field commissioned by the company in the Russian offshore sector of the Caspian Sea.
The field’s С1+С2 recoverable reserves under the Russian classification are estimated at 129 MMtbbl (921 MMbbl) and 30 Bcm of gas. The annual oil production at the plateau is estimated at 6 MMt (42 MMbbl).
Two horizontal production wells have been drilled to date, yielding a total daily flow rate of over 45,000 bo. Construction of a third well is underway. The sweet light crude oil lifted from the wells is transported via a subsea pipeline to the onshore storage facilities and subsequently fed into the Caspian Pipeline Consortium system for further exports.
The associated petroleum gas is transported to the gas processing unit at our Stavrolen plant for further conversion into petrochemical products and supply to our power generating capacities, as well as Gazprom’s Unified Gas Supply System.
The following facilities have been built within the first stage of the field development: the ISP-1 (ice-resistant stationary platform-1), the LQP-1 (living quarters platform-1), the CTP (central treatment platform), the riser unit, the onshore storages, and the subsea and onshore oil and gas pipeline system with a total length of over 650km.
Domestic shipyards of the Astrakhan Region have been involved in the construction of the facilities. Lukoil has invested approximately US$2.37 billion (150 billion Russian rubles) to date into the construction of the facilities, the development of the field, the transportation infrastructure, the processing of gas, petrochemicals and power generation.
In order to achieve maximum duration of the plateau, the second stage of the field development is underway including construction of the ISP-2 (ice-resistant stationary platform-2) and the LQP-2 (living quarters platform-2).
The V. Filanovsky field infrastructure will also act as a hub for new and already producing fields, says Lukoil. The infrastructure is already used for transportation of hydrocarbons produced at the Yuri Korchagin field, commissioned in 2010, helping to reduce transportation costs and increase margins.