Construction under way for Rakushechnoye project
A ceremony has been held to mark the start of construction of infrastructure facilities for Lukoil’s Rakushechnoye field in the Russian sector of the Caspian Sea.
ASTRAKHAN, Russia – A ceremony has been held to mark the start of construction of infrastructure facilities for Lukoil’s Rakushechnoye field in the Russian sector of the Caspian Sea.
This will be the company’s third largest project in the region after Yury Korchagin and Vladimir Filanovsky.
First oil should flow in 2023, with an estimated plateau level of 1.2 MM metric tons. The development will exploit nearby power supply facilities and infrastructure for treatment and shipping of production associated with the earlier two projects.
Rakushechnoye will feature an ice-resistant fixed offshore platform bridge-linked to a living-quarter platform. A Russian contractor will manage construction at shipbuilding yards in the Astrakhan region.
Lukoil discovered Rakushechnoye in 2001, 100 km (62 mi) offshore the Russian west coast, 160 km (99.4 mi) from the port of Astrakhan, and 8.5 km (5.3 mi) from Vladimir Filanovsky, in water depths of 5-8 m (16.4-26 ft).
It estimates recoverable reserves at 39 MM metric tons of oil and around 33 bcm of gas. Produced hydrocarbons will be exported to the central processing platform at Vladimir Filanovsky for treatment, before heading through the CPC pipeline.