Caspian News

 

30 Million Tons of Oil: Production Milestone for Lukoil's V. Filanovsky Caspian Sea Field

Dec 23, 2021

The Vladimir Filanovsky offshore field in the Caspian Sea, operated by Russian oil and gas giant Lukoil, has produced more than 30 million tonnes of oil, according to the company.In 2021, the field saw five development wells built (including four production wells and one injection well) to maintain the plateau level of 6 million tonnes of oil per year.The company also completed the second stage of…

Caspian Sunrise Wins Work for Shallow Water Drilling Vessel

Mar 07, 2023

Kazakhstan-focused oil and gas company Caspian Sunrise has won a contract for its offshore drilling vessel, Caspian Explorer.The company, which bought the shallow-water drilling vessel back in 2020, said Tuesday the vessel would drill a well…

Lukoil, KazMunayGas in Caspian Sea Collaboration

Feb 09, 2023

Russian oil firm Lukoil has signed several agreements with Kazakhstan's KazMunayGas in Astana regarding the Kalamkas-Sea, Khazar, Auezov subsoil area development project in the Kazakhstan sector of the Caspian Sea. They define the rights and…

BP Spuds Exploration Well in Caspian Sea

Jan 27, 2023

Oil major BP, as the operator of the consortium behind the Azeri Shah Deniz field, has started drilling a new exploration well (SDX-8) in the contract area, in the Caspian Sea, offshore Azerbaijan.The company is using the Heydar Aliyev semi-submersible drilling rig…

AD Ports, Kazmortransflot in Caspian Sea Offshore Services JV

Dec 28, 2022

UAE-based AD Ports Group and KMTF (Kazmortransflot), an offshore logistics and services subsidiary of the Kazakh National Oil Company (KazMunayGas), have signed a deal to launch a joint venture that will provide offshore and shipping services for energy companies in the Caspian Sea…

Russian, Kazakh Crude Oil Exports Hit by SPM Repairs

Aug 23, 2022

Russian and Kazakh oil exports via the Caspian Pipeline Consortium's (CPC) Black Sea terminal face at least one month's disruption each once repairs begin on two of its three single point moorins (SPMs), CPC confirmed on Tuesday.Oil exports…

Bumi Armada to Sell Three Ice-class Vessels to Lukoil for $44.5M

Jan 20, 2022

Malaysian FPSO specialist and offshore support vessel owner Bumi Armada has decided to sell its icebreaking vessels operating in the Caspian Sea for Lukoil, in line with its plan to exit the offshore marine service business.Bumi Armada said…

Azerbaijan: Lukoil to Buy Petronas' Shah Deniz Field Stake for $2.25B

Oct 07, 2021

Russian oil and gas company Lukoil has agreed to acquire a 15.5% stake in the Shah Deniz offshore gas field in the Azerbaijan sector of the Caspian Sea from Malaysia's Petronas.Lukoil said the value of the transaction was $2.25 billion, with the completion is subject to certain conditions precedent…

Azerbaijan: Lukoil Buys Into BP's Caspian Sea Project

Sep 29, 2021

Russian oil firm Lukoil has agreed to acquire a stake in a BP-operated offshore project in the Azerbaijan part of the Caspian Sea.Lukoil will take a 25% stake from BP, which will retain a 25% stake and remain the operator of the project called…

Lukoil Enters Kazakh Offshore Block

Jun 07, 2021

Russian oil company Lukoil has agreed to acquire a stake in an offshore block in the Kazakh sector of the Black Sea.Lukoil's president Vagit Alekperov and Chairman of Kazakhstan's 'KazMunayGas' Alik Aidarbayev last Friday signed a sale and purchase deal for a 49…

Lukoil's North Caspian Sea Fields Hit Oil Output Milestone

Dec 29, 2020

Russian oil giant Lukoil said Tuesday its cumulative production of oil had exceeded 35 million tonnes at its Yury Korchagin and Vladimir Filanovsky fields in the North Caspian Sea.'Lukoil carried on with these projects in 2020. In particular…

Caspian Sunrise Buys Shallow Water Drilling Vessel

Oct 19, 2020

Caspian Sunrise, an oil and gas firm focused on Kazakhstan, has completed the acquisition of the Caspian Explorer drilling vessel, marking the company's step into offshore drilling.The company, mostly focused on onshore oil and gas activities…

Lukoil Launches Phase Two at Caspian Sea Oil Field

Oct 09, 2020

Russian oil company Lukoil has launched the second phase of the development drilling campaign at the Vladimir Filanovsky field in the Caspian Sea.The drilling at the Offshore Ice-Resistant Fixed Complex 2 (OIRFC 2) at the large Caspian Sea oil…

Lukoil, KMG Pen Deal on Kazakh Caspian Sea Block

Oct 08, 2020

Russian oil company Lukoil has signed an agreement with the Kazakh oil firm KazMunayGas over the future obligations of the two companies on the Al-Farabi Project in the Kazakh Sector of the Caspian Sea.Al-Farabi license block is located in the Kazakh Sector of the Caspian Sea…

Gallery: Lukoil Installs Jackets for Caspian Sea Platform

Sep 15, 2020

Russian oil company Lukoil said Tuesday it had installed the jackets of the fixed ice-resistant platform at the V.I. Grayfer field in the Caspian Sea. Ahead of being shipped to the offshore location, the 3,700+ tonnes heavy jackets were moved…

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