Lukoil has reached a major milestone at its offshore Vladimir Filanovsky field located in the Caspian Sea. Russian oil and gas company Lukoil has reached a major milestone at its offshore Vladimir Filanovsky field located in the Caspian Sea. Lukoil said that its oil production at its Vladimir Filanovsky field just exceeded 30 million tons or 712.4 million barrels. In 2021, the company built five development wells on the field – including four production wells and one injection well – to maintain the plateau level of six million tons of oil per year. Vladimir Filanovsky is the largest oil field in the Russian sector of the Caspian Sea, which had initial recoverable reserves of 129 million tons of oil and 1.06 trillion cubic feet of gas. Commissioned in 2016, the field reached its target production level of six million tons of oil per year in 2018 and, by July […]