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

BOEM Boosts Monetary Penalties for Oil & Gas firms

BOEM Boosts Monetary Penalties

Portugal Selects Four Offshore Wind Farm Sites Ahead of Auction

Portugal Selects Four Offshore

Technical Issue Shuts Down BP’s Caspian Sea Gas Platform

Technical Issue Shuts Down BP’

Kazakhstan Orders Kashagan Oil Field Operator to Pay $6.6M Fine

Kazakhstan Orders Kashagan Oil

Subscribe for OE Digital E‑News

Offshore Engineer Magazine