Lukoil announced Wednesday that it has completed the construction of the second production well from the wellhead platform at the Yury Korchagin field in the Caspian Sea.
The single-bore well with horizontal completion was drilled from a jack-up rig in the eastern part of the field. The measured depth of the well is 3,736 meters, and its initial flow rate is approximately 600 metric tons of crude oil per day.
Used for the first time at the new well was an electro-hydraulic intelligent completion system that allows the valves of the horizontal wellbore to be controlled in the real time mode. According to Lukoil, this provides for an optimized oil influx and higher operational safety.
Lukoil said it has started drilling the third production well at the eastern part of the field.
The Yury Korchagin field was Lukoil's first discovery in the North Caspian oil and gas province. Cumulative oil production since commercial production started in 2010 is 8.6 million metric tons.
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