More horizontal wells planned at North Caspian field

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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