Lukoil to Start Oil Production at New Caspian Field in 2023

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)

Current News

Hess Sets Date for Shareholder Vote on Chevron Merger

Hess Sets Date for Shareholder

US Releases Offshore Wind Liftoff Report and Promises Funding

US Releases Offshore Wind Lift

US Interior Department Finalizes Offshore Renewable Energy Rule

US Interior Department Finaliz

US Plans 12 Offshore Wind Auctions Over Five Years

US Plans 12 Offshore Wind Auct

Subscribe for OE Digital E‑News

Offshore Engineer Magazine