Korchagin field was discovered in 2000 and became the first field put on stream by LUKOIL in the Caspian. The field started producing in 2010.
The field’s construction project includes two phases
Phase 1, commenced in 2010, includes an IRP, a LQP, and an offshore transshipment facility which was used to ship all crude oil output prior to the infrastructure launch at Filanovsky field.
Phase 2 infrastructure includes a wellhead platform, the subsea pipelines and power cables connected to the Phase 1 IRP.
When developing the field and constructing the field infrastructure, the Company successfully tested sophisticated technological solutions and gained considerable experience and extra knowledge of the region's geology. The Company constructed intelligent production wells with horizontal section lengths exceeding 5 km through the successful utilization of technological solutions unique for Russia.
All solutions that proved successful during the Yu. Korchagin field construction are applied by the Company to maximize the development efficiency of Caspian Sea fields.
LUKOIL has pioneered the development of the Caspian Sea bed’s Russian sector, setting the ground for ten field discoveries in the region with the combined recoverable reserves of 1 billion tonnes of reference fuel.