More horizontal wells planned at North Caspian field

Lukoil has drilled four new complex development wells this year at the Yu. Korchagin field in the northern Caspian Sea.

Offshore staff

MOSCOW – Lukoil has drilled four new complex development wells this year at the Yu. Korchagin field in the northern Caspian Sea.

Horizontal borehole length varied from 2-5 km (6,562-16,405 ft), with initial flow rates between 4,000 and 10,000 b/d.

Next year the company plans to drill four more horizontal wells, with a horizontal displacement potentially more than 6 km (19,685 ft).

Following a geological survey this year, the field’s recoverable oil reserves have been upgraded by about 50% to 360 MMbbl.

10/26/2012

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