The V. Filanovsky field, discovered in 2005, is the largest oil field in the Russian sector of the Caspian Sea bed. The field has a unique geology, with highly permeable collectors yielding record-high initial flow rates.
The V. Filanovsky field's infrastructure generates considerable synergies for LUKOIL's other Caspian projects.
The field implements an integrated model based on the intelligent field concept, enabling field development to be managed in the most efficient way.
PRESS RELEASES
FIELD DEVELOPMENT
Phase 1, commenced in 2016, includes the following infrastructure: Ice Resistant Fixed Platform (IRP), Living Quarters Platform (LQP), the Riser Block (RB) and Central Processing Platform (CPP).
Phase 2, commenced in 2017 and aimed at supporting the annual plateau production level, includes an IRP and LQP.
Phase 3, commissioned in 2019, comprises a wellhead platform (miniplatform).
Accumulated expertise from developing the Yu. Korchagin field to optimize technical solutions and double drilling speed
Unique geology and advanced technologies to drive record high flow rates and low lifting costs per barrel of production
Beneficial location with access to the Caspian Pipeline Consortium (CPC) pipeline system to save on transportation costs
The quality bank within the CPC ensures fair selling prices that reflect the high quality of the field's crude oi
Associated petroleum gas supplies to Stavrolen to drive full vertical integration and create high added value
Government support through special tax regime provides for higher margins per barrel at the production stage
The field has a unique geology, with highly permeable collectors yielding record-high initial flow rates which are multiple higher than the initial flow rates of the Company’s other new wells in average. The field produces high-quality light low sulphur oil.
Production volumes are exported via the pipeline system operated by the Caspian Pipeline Consortium (CPC). The oil quality bank maintained by the CPC ensures that the Company gets fair selling prices that reflect the high quality of its crude. The associated petroleum gas from the field is supplied to the Stavrolen oil and gas chemical complex to be further processed into marketable gas and petrochemical products.
The field's infrastructure drives considerable synergies for other Caspian projects. Specifically, the production start-up at the field enabled us to start oil shipments from the Yu. Korchagin field via the CPC pipeline system, reducing transportation costs. Further projects that are planned to be developed by the Company in the Caspian will also seek to capture synergies with the V. Filanovsky field infrastructure. For example, the output from the V. Grayfer field is to be delivered for treatment to the V. Filanovsky field's CPP and then exported via the CPC pipeline system. The Yu. Kuvykin field can also benefit from the transportation infrastructure of the V. Filanovsky field.
