Lukoil announces tender to process seismic data from Caspian fields
MOSCOW. April 22 (Interfax) - Lukoil has announced a tender to process seismic data from the Rakushechny Val in the waters of the Caspian Sea, which includes the Filanovsky, Korchagin, Rakushechnoye and East Rakushechnoye fields, according to the company's materials.
Applications to participate in the tender are being accepted until May 6, and tender proposals are being taken until May 31.
Lukoil is requesting that the winner of the tender process seismic data taken from a 1,240-square-kilometer area by August 15, 2013.
As reported, Lukoil has discovered eight oil and gas fields in the northern Caspian Sea. It started producing oil at the first field - Korchagin, which has 270 million barrels of oil equivalent (boe) in 3P hydrocarbon reserves - on April 28, 2010. At its peak, production will come to 2.5 million tonnes of oil and 1 billion cubic meters (bcm) of gas a year.
Lukoil's second Caspian project will be the launch of the Filanovsky field, which it discovered in 2005 and which has 153.1 million tonnes of C1+C2 recoverable oil reserves and 32.2 bcm of C1+C2 recoverable gas reserves. Production at Filanovsky is scheduled to kick off in 2015.
It is assumed that once the tax burden is reduced, the Sarmatskaya structure might be launched into commercial production in 2016, Khazri might be started up in 2018, the Titonskaya and East Rakushechnaya structures - in 2024, West Sarmatskaya - 2029 and Yuzhnaya - 2033.