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Russia's Novatek gains new LNG licences

Lukoil takes FID on development in Caspian Sea

Jul 22, 2018
1 min read
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Russia's Lukoil has taken the final investment decision on the Rakushechnoye field development project in the Caspian Sea that will tie-back to the Vladimir Filanovksy project.

As part of the decision the field infrastructure will include a fixed offshore ice-resistant platform, a living quarters platform, a crossover bridge, as well as subsea interfield pipelines and cable lines for the connection with the second fixed offshore ice-resistant platform at the Vladimir Filanovsky field.

The commercial production is scheduled to start in 2023. The expected oil production plateau is 1.2 million tonnes per year.

Lukoil said that the Rakushechnoye field output will be supplied for treatment to the central technological platform at the Vladimir Filanovsky field and then exported through the CPC.

All offshore facilities for the field development will be constructed in the Astrakhan region of Russia, stated Lukoil.

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