Press Release

LUKOIL COMPLETES INSTALLATION OF WELLHEAD PLATFORM TOPSIDE AT KORCHAGIN FIELD

Friday, April 27, 2018

LUKOIL has completed the installation of the wellhead platform's topside as part of Yury Korchagin field Phase 2 development in the Russian sector of the Caspian Sea.

The wellhead platform is a satellite platform designed to drill wells in the eastern part of the field. Drilling at Phase 2 is expected to start in May, 2018.

Apart from the process equipment, the platform is equipped with the safety systems, living quarters for the personnel's temporary stay and a helideck. As most of the operations are automated, only eight workspaces are designed for the temporary stay of the personnel.

Produced oil and gas will be transported to the host platform through the subsea pipelines and treated for the delivery onshore.

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LUKOIL’s cumulative production of oil in the Russian part of the Caspian Sea has exceeded 20 million tonnes.

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PJSC "LUKOIL" announces the completion of drilling of the first production well from the wellhead platform at the Yury Korchagin field in the Caspian Sea. The well was drilled within the second field development stage implemented to involve into production the Eastern part of the field.

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