Lukoil marks 5 million tonnes of oil production at Yuri Korchagin field
MOSCOW -- Lukoil has passed a 5 million tonnes (38.6 MMbbl) mark in oil production at the Yuri Korchagin field in the Caspian Sea.
The Yuri Korchagin field located offshore Russia is situated 180 km from the City of Astrakhan and 240 km from Makhachkala at sea depth of 11-13 m.
Production at the field was launched in April 2010. Its proven oil reserves are 113 MMbbl. In 2014, the field produced 1.5 million tonnes (11.3 MMbbl) of oil.
The offshore platform that produces oil at the Yuri Korchagin field was built in Russia. The platform operates under a zero discharge principle whereby all types of industrial and household waste is taken onshore and disposed of safely.
